Asets out shared ideals, establishes the basic structure, powers, and duties of a government, and provides the supreme law for the country

Constitution
The significance of a constitution is how it defines the essence of a country and then from that single document how other ideas and variety of laws and interactions are then determined. The first 10 amendments of the U.S. constitution set the precedent to limit the government's interference with those of individual citizens and are still frequently referenced today. Also, it helped define the three branches of government, the executive, judicial and legislative and the interdependent system of "checks and balances."

Households and Firms

Explanation:

An economic model showing the flow of money through the economy is called circular flow model. The simplest form of this model shows the income flow between the households and the business sectors.

Product market and resource market lies between the household sector and business sector, People( Household) purchase services and goods and the businesses provide it through product market.

Businesses need various resourced to produce goods and services, it gets labour from the household through the resource market. With the help of the labour businesses convert resources into services and goods.