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Some of the major sectors in which the real flow takes place in a simple economy are as follows:

A simple economy assumes the existence of only two sectors, i.e. household sector and firm sector.

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1. Households are the owners of factors of production and consumers of goods and services.

2. Firms produce goods and services and sell them to the households.

It is the simplest form of closed economy, in which there is no government sector and foreign trade.

Closed Economy is an economy which has no economic relations with rest of the world. Open Economy is an economy which has economic relations with rest of the world.

In order to make our analysis simple, we take some assumptions:

1. There are only 2 sectors in the economy Households and Firms. It means, there is no government and foreign sector.

2. Household sector supplies factor services only to firms and the firms hire factor services only from households.

3. Firms produce goods and services and sell their entire output to the households.

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4. Households receive factor income for their services and spend the entire amount on consumption of goods and services.

5. There are no savings in the economy i.e. neither the households save from their incomes, nor the firms save from their profits.

The Circular flow in Two-Sector economy can be better understood with the help of Fig. 1.4.

i. The outer loop of diagram shows the real flow, i.e. flow of factor services from households to firms and corresponding flow of goods and services from firms to households.

ii. The inner loop shows the money flow, i.e. flow of factor payments from firms to households and the corresponding flow of consumption expenditure from households to firms.

It must be noted that entire amount of money, which is paid by firms as factor payments, is paid back by the factor owners to the firms. So, there is a circular and continuous flow of money income. In the circular flow of income, production generates factor income, which is converted into expenditure. This flow of income continues as production is a continuous activity due to never-ending human wants. It makes the flow of income circular.

Conclusions of Circular Flow in a Simple Economy:

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1. Total Production = Total Consumption

2. Factor Payment = Factor Income

3. Consumption Expenditure = Factor Income

4. Real Flow = Money Flow

I received an email about Simple Money Sites today and decided to take a closer look.

The website claims you can make “large sums of money” in a very short period of time. Which to be honest is something scam sites say, so this did make me skeptical.

I do like to give each program I review the benefit of the doubt though. So in this review, I’ll show you exactly what I found and you can make your own mind up.

Recommended:Go here to see my #1 recommendation for making money online.

Simple Money Sites Review

The Simple Money Sites website (smoneyreport.com) is essentially a page that asks for your name, email and phone number. And if you put your details in there, you are sent to the next page which contains a sales video…

The video is presented by ‘a guy’ who starts off talking about how many millionaires there are in the world. And how easy it actually is to become a millionaire yourself.

Like many sales videos I come across, there is very little tangible information about what the program is about. Although it does say you can earn large sums of money in a short period of time, with “secret” websites.

Just when you think he’s about to explain the system, he starts using an illustration of how it’s like putting $5 into an ATM machine, and seeing $100 came out each day.

As if this system is so simple, it’s like a money machine. He then says that “if you tweak a few settings” you could turn that into $500 or even $1000 per day.

Cool story.

But there’s no information about what you’re really buying in the sales pitch. Just a bunch of “get rich quick” hype. Yet they expect you to fork out $97 and take the risk it’s legit?

Thankfully, I can give you some insight into what this is about to help you decide…

Recommended:Go here to see my #1 recommendation for making money online.

What Is Simple Money Sites About?

Simple Money Sites is not a program in itself, it’s a sales funnel for promoting someone else’s program. So if you join, the person running the site earns a commission.

Anyways, I believe the site is currently promoting a program called My Ecom Club.

Which is an e-commerce training platform that teaches people how to build a business doing drop shipping with AliExpress and Shopify.

Why do I think this is the underling program?

In short, because of a number of similarities the site has with other sites I’ve reviewed, that promote My Ecom Club. Let me explain in more detail…

For starters, the order page, the terms and conditions pages (and even the testimonials) are exactly the same as those on Get The Discovery. Which is site I recently reviewed that is setup to promote My Ecom Club.

Secondly, the order page uses Shopify income screenshots to prove people are making money with the system…

Which is exactly how you make money with My Ecom Club, using Shopify. And these income screenshots are the same ones used on the Job Killer site I reviewed, which is yet another promo page for My Ecom Club.

Lastly, the $97 price tag matches the price of My Ecom Club.

So all things considered, I am confident that this is what the underling program is.

You will see some reviews talking about how MOBE is the underlying program, which it was. But MOBE has recently been shutdown by the FTC so it seems as though the site is now promoting My Ecom Club.

I’ve actually found that a number of MOBE funnel sites are now promoting My Ecom Club. Such as My Hidden Pages among other sites.

Some marketers will setup a generic sales page that could (in reality) be used to promote anything. So that if one program gets shutdown they can move onto another quite easily.

That’s all good and well for them, but it makes it hard for you to know what you’re buying.

Recommended:Go here to see my #1 recommendation for making money online.

How Does It Work?

The basic idea is to signup for $97 which gives you access to some training and tools to launch your e-commerce site.

However if you want the ‘done for you’ package you will need to fork out almost $2,000.

Not to mention you will need to be spending money on traffic among other things to get your business rolling. Because you need traffic to your site and there’s only two ways to get it- pay for it or work for it. I don’t care how “secret” the sites are, this is the reality.

Anyways, drop shipping itself is where you setup an online store and sell products you don’t actually stock. So when someone buys, you contact t

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