Answer:
The history of economic thought deals with different thinkers and theories in the subject that ... It is one of the earliest manuscripts on the concept of money. ... He defined property broadly to include people's lives and liberties, as well as their wealth ... theory, with the notion of a circular flow of income throughout the economy.
Explanation:
Answer:
Carl Warmington had obtained a job after searching in midst of the Great Depression.
Explanation:
Carl had lost his money after the stock market crashed. His money has "crashed" with the market. The flow my own teacher had said went a bit like this:
{Work goes into businesses. Wages go into households.}
{Good & services go into a product market. Money goes into households.}
The circular flow was damaged because the stock market crashed, leaving Warmington broke. Since he had no job, no more money came to him. That was a huge deal.
He searched for a job and finally ended up with an office job.
{Hope this helped. I hope this helped you understand a bit more. Remember the point is to understand it and not just get a correct answer! <3 I know this a while ago-}
