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Abstract

This caselet introduces the participants/students to the concept of circular flow of an economy. Set in the backdrop of the Bangalore School of Management's (BSM) cultural fest - 'Colors of India' - this caselet helps understand the factors that propel a smooth operation of circular flow. When several women social entrepreneurs assembled at BSM's cultural fest, 'Colors of India', their sales expectations were quite high. However, the first day's sales seem to have dampened their spirits and the organizers were in a spin to convince the women social entrepreneurs to be positive. While the event is a microcosm of how an economy's circular flow operates, there are several visible and invisible hands that keep the circular flow at a constant motion. What are those visible and invisible hands? How can a college fest be a microcosm of a circular flow of an economy?
Location:
Other setting(s):
2015

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Abstract

This caselet introduces the participants/students to the concept of circular flow of an economy. Set in the backdrop of the Bangalore School of Management's (BSM) cultural fest - 'Colors of India' - this caselet helps understand the factors that propel a smooth operation of circular flow. When several women social entrepreneurs assembled at BSM's cultural fest, 'Colors of India', their sales expectations were quite high. However, the first day's sales seem to have dampened their spirits and the organizers were in a spin to convince the women social entrepreneurs to be positive. While the event is a microcosm of how an economy's circular flow operates, there are several visible and invisible hands that keep the circular flow at a constant motion. What are those visible and invisible hands? How can a college fest be a microcosm of a circular flow of an economy?

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Location:
Other setting(s):
2015

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