Identify the microeconomic/macroeconomic concept(s). Describe your findings. Analyze the relevance to real-life applications.

How Does Our Economy Work?

Based on this module week’s summit session, what would you say is the role of firms in our macroeconomy? Do consumers indirectly and/or directly affect our macroeconomy? Discuss how microeconomics and macroeconomics affect the flow of money within the Circular Flow Model. Do
you think firms could operate without households? Describe how these disciplines relate to the Circular Flow Model.
Identify the microeconomic/macroeconomic concept(s).
Describe your findings.
Analyze the relevance to real-life applications.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.