The Business Side of the Circular Flow of the Economy
2:25
Grades: 3 - 8
Video Description: New October 2022! This animated video describes the business side of the circular flow model of the economy and how businesses interact with households in an economy’s market for resources.
Type of Video: Segment*
Unique Video ID: Economics-35**
Quick Ideas for Using the Video:
- As part of your students’ study of community and/or the basics of an economy, have students view the video to learn the important economic concepts included. After viewing the video, have students draw a picture or series of pictures demonstrating their understanding of how businesses interact with households to purchase, use, and produce different goods and services. The activity could also be done in a written form or with students explaining their examples in an oral presentation.
- To learn more from an economist and small business owner about how the economy works, check out the full program this segment is edited from: Explore! Economics.
*Segment videos are short excerpts edited from interviews or interactive programs that offer flexible and differentiated ways to use the rich content included in the full-length conversation.
**The unique Video ID can be used to quickly locate a single video in the ET collection. This search function is designed to let teachers assign students to watch a specific video and have only that video appear as a search result. Just click on Search and choose “By Video ID.” Then type in the Video ID as it appears above. Be sure to include the dash.
