This week was a WHIRLWIND of events and lessons! I mean, we covered stuff from circular flow charts in market economies to the behind the scenes of McDonald's cooperation, and let me tell you... I didn't know McDonald's was such a try-hard back in 2007 (no offense intended if you are reading this, major owner of McDonald's, I still love your fries!). One of the main topics of discussion this week for us was incentives. This is why people basically do what they do and make choices, economically speaking. If you cut the grass for $20 at your house, then you have just undergone the incentive of $20! Simple stuff right? Well it gets a little more complicated: Theres this whole flow chart with a thousand arrows that shows how resources are moved according to profit... but just because it gets more complicated does not mean that it is not easy to understand! So say you are selling something good like wheat. You are a nice farmer just trying to sell your wheat to people. Where do you go?! You sell your resources to the factor market. From there, businesses can buy that to make their products, like bread. So the money goes to you from the business, and they get their resource. Basic buy and sell, right? THEN the companies make their bread and this goes into the product market, where another "individual" or household (Even you, the nice farmer) can go and buy that bread! In this way, a free enterprise economy. Money, resources, and business all flow in this way. It just happens, ya know? People want and other people can give. It's life! I mean I think it is pretty simple and basically the way that things just happen! But I hope I made it a little clearer for yall.