In 2008, shared spaces were discussed in a segment on Newsnight titled âThe Case Against Traffic Lightsâ. In 2011, the Department of Transport released a special local transport note on shared space, posing it as a challenge to the idea that segregating cars and pedestrians always improves safety.
Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market. The circular flow diagram relates to the current economic situation since it shows the ways our different markets affect each other. There are two markets, the Resource market and the Product market. âThis model provides an overview of the central concerns of both macroeconomics and microeconomics.
In the circular flow model, injections into the economy include investment, government purchases, and exports while leakages include savings, taxes, and imports. Lesson Objectives By the end of this lesson, you should be able to: 1  Explain the movement of money in simple markets using the circular flow model. 2  List factors of production. 3  Observe the flow of goods and services among businesses, government and households. 4  Describe injections and leakages in the circular flow model.