Live stream preview

Watch this video and more on Spongein

Watch this video and more on Spongein

Subscribe Learn more

Already subscribed? Sign in

The economic processes of a closed economy

7m 21s

Up Next in Term 1

  • The Circular Flow

    By the end of this lesson, you will be able to identify the participants in the circular flow of a closed economy and gain an understanding of each participant in an economy and the roles they play.

  • Introduction to a trading business

    A trading business sells merchandise and or product that you can physically touch. Trading businesses receive payment from their customers for goods that they buy. This lesson will look at the cycle of a trading business.

  • Cost of Sales and Sales

    This lesson will look at the calculations of the cost of sales and markup.