Goods and services Consumer expenditure Wages, rent, dividends Households Firms Factors for production Figure 1. Circular flow of income from good and services (Irconomics, 2008). 5 NegOr_Q3_Applied Economics11_Module1_v2 1. By looking at the diagram, do you think? 5. When each agent doing their role, why do you think scarcity is still present in an economy?​