The Smithsonian Folklife Festival is held outdoors on the National Mall in Washington, D.C., during the last week of June and first week of July. In 2015, the Festival will take place between Third and Fourth streets, just north of the National Museum of the American Indian. There is no admission charge.
How Does the Futures Market Work? The futures market is a global marketplace that is constantly operating 24 hours a day, seven days a week, 365 days per year. The market continuously thrives, with an equal amount of supply and demand, and an expanding selection of futures brokers and available investments. With the proper training, investing in the futures market can be extremely profitable and enjoyable.
Two basic types of markets exist in any market economy: resource markets and product markets. The exchanges that take place in these markets benefit both the households and the firms that engage in exchanges. This lesson will introduce the circular flow of money, resources and goods and services in a market economy. We will examine how resources flow from households to firms, and goods and services from firms to households. We will also seek to explain why individuals are willing to engage in the exchanges that characterize the market system.