1. Goods-and-Services Market
– Firms and ROW supply. Household, the government, firms, and ROW demand from this market
2. Labor Market
– Households and ROW supply labour. Firms, the government, and ROW demand labour.
3. Money Market
-Households supply funds to this market in the expectation of earning income in the form of dividends on stocks and int-erest on bonds.
-Firms, the government, and the rest of the world also engage in borrowing and lending which is coordinated by financial institutions.