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wages APEX

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Producers are considered the firms or suppliers in a circular flow model. The producer supplies the goods and services to the consumer, who consumes the goods.

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Haven

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Purchases goods and services

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Wages
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wadges

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j fendi’

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Wages

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Q: According to the circular flow model which of the following do producers provide to consumers?
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Related questions

Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?

A circular flow of influences


What do consumers do that influences producers according to the circular flow model?

Purchase goods and services


According to the circular flow model what is something consumers do that influences producers?

Purchase goods and services


According to the circular flow model which of the following is not provided by consumers?

Wages


Which of the following best explains why the circular flow model characterizes the free-market system?

Consumers and producers influence each other in a circular fashion.


Circular flow refers to the economic model that describes which of the following?

mutual circulation of income between producers and consumers


Which of the following best demonstrates the way consumers and producers influence each other in the free market system?

A circular model


What best explains why the free-market system follows a circular flow model?

consumers and producers influence each other in a circular fashion


The movement of income from producers of goods and services to consumers and back to producers is known as the?

The movement of income from producers of goods and services to consumers, and back to the producer is known as the circular flow. Circular flow is generally shown in a circular flow chart or model.


The movement of income from producers of goods and services to consumers and back to producers is known as what?

Circular Flow Of Income


Who of the following best explains how a free-market system has a circular flow of influences?

Consumer decisions affect producers, and producer decisions affect consumers


What is the role for consumers and producers in a free market system?

A circular flow model