Getting Started (Read-Only) Using the resources provided in this workshop along

Getting Started (Read-Only)
Using the resources provided in this workshop along with your own independent research, expand your knowledge on the importance of the circular flow model. The circular flow model provides a demonstration of how money moves through our society. Money can be defining in the strength of our economy. Often, we find that it starts with at the top and flows downwards starting with the company and moving through individuals. For example, a company pays their employee, and the employee makes a purchase with their paycheck. The flow goes from company to person and then person to company resulting in the endless circular flow of money through our economy and society.
Instructions (Follow Carefully)
Review the following resources:
Chapter 7 in Principles of Microeconomics (see attached)(new tab)
Video: Circular Flow of Income and Expenditures (https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/circular-flow-of-income-and-expenditureshttps://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/21/v/circular-flow-of-income-and-expendituresew tab
Webpage: Circular Flow Model (https://www.investopedia.com/terms/circular-flow-of-income.asp#:~:text=The%20circular%20flow%20model%20demonstrates,endless%20circular%20flow%20of%20money.)https://www.investopedia.com/terms/circular-flow-of-income.asp#:~:text=The%20circular%20flow%20model%20demonstrates,endless%20circular%20flow%20of%20money.ne(9(https://www.investopedia.com/terms/circular-flow-of-income.asp#:~:text=The%20circular%20flow%20model%20demonstrates,endless%20circular%20flow%20of%20money.w tab)
Article: Understanding the Circular Flow Model in Economics: Definition and Factors of Production (https://www.masterclass.com/articles/understanding-the-circular-flow-model-in-economics)(new tab)
Using the resources provided in this workshop along with your own independent research, develop a circular flow model for your chosen topic showing how money exchanges hands in the healthcare setting. You might consider using MS Word or PowerPoint to create this; however, you may use any tool of your choice. Hand drawn and a photo submitted is also an option.
Navigate to the threaded discussion and:
Post your circular flow model with your comments explaining the importance of the model and your rationale for selecting the information in your work.
Discuss how understanding the flow of money is important to you as a leader.