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Understanding Economic Activities and Financial Capital in Commercial Production

Learn about the four essential economic activities, the role of financial capital, resource maintenance, stock flows, distribution of income, and the three spheres of economic activity.

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Understanding Economic Activities and Financial Capital in Commercial Production

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  1. Chapter Three: What Economies Do

  2. Introducing the Four Essential Economic Activities

  3. Figure 3.1: The Role of Financial Capital in Commercial Production commercial production financial capital financial capital

  4. Resource Maintenance: Attending to the Asset Base of the Macroeconomy

  5. Stock Flows Stock Additions Initial Next Stock Stock Subtractions Time Figure 3.2: The General Stock-Flow Diagram Initial Next Stock Stock

  6. Additions or Inflows Stock Subtractions or Outflows Figure 3.3: A “Bathtub”-Style Diagram

  7. Distribution: Who Gets What, and How?

  8. Table 3.1: Distribution of U.S. Household Income in 2009

  9. Figure 3.4: Lorenz Curve for U.S. Household Income, 2009

  10. Figure 3.5: Lorenz Curve for Sweden Household Income, 2009

  11. 100 CumulativePercentof Income 80 60 A 40 B 20 0 20 40 60 80 100 Percent of Households Figure 3.6: The Gini Ratio,

  12. Figure 3.7: Income Shares of the Richest and Poorest Households, 1968-2010 Top 5% of households Share of Income (%) Bottom 20% of households

  13. The Three Spheres of Economic Activity

  14. Physical Context Social Context Economic Activity Core Business Sphere Sphere Public Purpose Sphere Figure 3.8: Social and Environmental Contexts of Economic Activity Natural Inputs(flows of naturalresources and environmental services) Outputs(pollution and wastes)

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