Circular flow essay

This section contains words approx. The Circular Flow of Income Summary: The essay is about the circular flow of income, and factors such as leakages and injections that can influence the level of economic activity and how the government can influence economic activity.

Circular flow essay

Generally the author has to savagely pound a square peg into a round hole, with regrettable results. The classic horrible example is deep space fighter aircraft. Most pulp falls for the old Space Is An Ocean fallacy along with the related misconceptions. Many pulp writers figured they were the first to have the bright idea of transplating the colorful legend of the dreaded Sargasso Sea into science fiction.

A deadly area of space that somehow traps spaceships who venture too close, only to join the deadly graveyard of lost ships. And not just human ships, a couple stories mention humans discovering wrecks of unknown alien spacecraft mixed in with the conventional ships.

The graveyard typically contains everything from recent ships all the way back to historical ships dating to the dawn of space flight. Some stories populate the graveyard of dead ships with castaways. Who will probably be interested in looting your ship of any supplies it contains.

The original legend dates back to when line-of-sight was limited to the horizon, so a sailing vessel poking at the edge of the sargasso could not see the interior. Not without being caught, that is. Some kind of wormhole or stargate that would transport the hapless spacecraft to a graveyard of lost ships safely out of sight.

Obviously this is highly unlikely to happen in the real world. But it sure is romantic, in a sci-fi pulp fiction sort of way. Disabled spacecraft who drift into the point will be trapped, which is sort of true. The author does not explain why this is not true of the L4 and L5 points of every single planet in the solar system.

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He calls the graveyard of lost ships the "wreck-pack", and the gravitational attraction of the wrecks keep ships from drifting out. The ether-currents form sort of a one-way whirlpool which sucks hapless spacecraft into the graveyard of lost ships trapped in the eye of the storm.

He has a side adventure when he stumbles over an alien spacecraft full of aliens in suspended animation. The "adventure" part comes in when Captain Future discovers the octopoid creatures are space vampires and they start to wake up. Certainly strange things happen to hyperdrive starships who venture too close.

Things like hallucinations, ghostly whispering voices "Spaceman, go home.

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Many dissappear, so prudent ship captains give the Nebula a wide berth. The antigravity Okie cities are sort of the migrant laborers of the galaxy. The stellar currency is based on germanium, some idiot figure out how to synthesize it and inadvertenly obliterated the economy of the entire galaxy.

Since everybody is now broke, the flying cities cluster in what is basically an interstellar hobo jungle. When they visit they learn the planet has a still-working alien installation created by forerunners which can grab passing spacecraft and crash them onto the graveyard of lost ships.

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As it turns out a crime syndicate wants to utilize the installation for fun and profit, so hilarity ensues. Apparently it started as a small sphere of neutronium or other dense material. As derelict ships stuck to it by gravitational attraction the total gravity grew.

It is only a menace to ships with broken engines or no fuel.

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The planetary governments keep talking about blasting it and salvaging the metal but can never agree on the details. Our heroes accidentally crash into it, breaking their Gormann series eighty radarscope.

They cannot escape without one. So they start investigating the ships of the graveyard hoping to scavange a replacement. A hole in space drops them in to a pocket universe answering to a sargasso sea, and packed with the graveyard of lost starships. They find the centuries-old Starship Bonaventure, first starship with warp drive.In simple terms the circular flow diagram (CFD) shows the direction of the flow of two things in the economy: 1) the flow of all of the factors of production (FOP) and goods and services (G&S) in the economy on the one hand.

Summary: The essay is about the circular flow of income, and factors such as leakages and injections that can influence the level of economic activity and how the government can influence economic activity.

How the circular flow diagram relates to the current economic situation

Using a circular flow diagram, outline the five sector circular flow of income model of the. Explain using diagrams the relationship between leakages, Injections and the circular flow of income AD = C+I+G-(X+M) This diagram shows the circular flow of income circular flow of income is The movement of spending and income throughout the economy, when money is entered into the circular flow of income (For example Exports) it is called an injection as money is coming into the .

Essay # 1. Habitat and Habits Frogs: Rana tigrina is the most widely distributed species in Northern India. Generally frogs are found in ponds, tanks, pools, ditches, etc.

The Circular flow of income diagram models what happens in a very basic economy. In the very basic model, we have two principal components of the economy: Firms. Companies who pay wages to workers and produce output.

Circular flow essay

Households. Individuals who consume goods and receive wages from firms. This.

Circular flow essay

Circular Flow Model Essay The circular flow of income model is a theoretical representation of the economy. It shows the distribution of income within the economy and the interaction between the different sectors in a modern market economy. The five-sector model is a more elaborate model in comparison to the basic, two, three and four sector.

The Circular Flow of Income: Meaning, Sectors and Importance