The United States' Distribution of Income

http://prospect.org/article/top-10-percent-white-families-own-almost-everything

Here is an interesting article I found that talks about how the personal distribution of income. The personal distribution of income shows how the entire nation's income is divided amongst individual households. This article reveals a very shocking truth: 10% of the nation's households own over 75% of the nation's wealth, while the bottom 50% owns only 1.1%!

The Resource Economy & It's Backwardness

This week, we learned about the resource market! Now normally, we think that households buy goods and businesses sell goods. But in the product market, the households sell and the businesses buy. An example of this would be my dad going to work. He is selling his resource, which is his labor, and the company he works for is buying his labor. This is a part of the cicular flow of the market economy.