The document discusses why individuals participate in the economic system. It explains that the economic system is circular, with individuals providing labor to businesses and government in exchange for wages, and then using those wages to purchase goods and services from businesses. This continuous cycle of exchanging labor for wages to buy goods repeats throughout one's lifetime as participation in the economic system is what enables individuals to meet their basic needs to live.

1. Why Do We Participate in the Economic System???
Everything we do is connected to the economic
system in some fashion. Each day we go to work
because the work we provide is in demand in the and
the wages we receive enable us to get the the goods
and services we need to live.

2. Goods and Services are sold to Consumers
Money is exchanged for goods and services

3. Business and Gov’t pay individuals for labor
Individuals provide labor for businesses
and Gov’t

4. Government provides services to its citizens
Citizens pay taxes to their government

5. Participation in Economic Activity is circular in its
nature. Labor is provided for wages and ages are
exchanged for goods. However the wages earned
from labor are now gone and the process must begin
again. This process will continuously repeat itself
throughout your lifetime.