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The circular flow of economic activity describes an economy that is free of market true ofr false?
False
The circular flow of economic activity describes an economy that is free of markets?
The market is the mechanism that brings together households and firms.
How various marketing activities influence the flow of goods and services?
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
In a global economy governments have less control over economic activity?
yes in a global economy government has less control over economic activity
When economic activity in an economy declines it is called?
== == == ==
The circular flow of economic activity describes an economy that is free of market true ofr false?
False
The circular flow of economic activity describes an economy that is free of markets?
The market is the mechanism that brings together households and firms.
How various marketing activities influence the flow of goods and services?
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
In a global economy governments have less control over economic activity?
yes in a global economy government has less control over economic activity
When economic activity in an economy declines it is called?
== == == ==
What determines the magnitude of the circular flow?
The magnitude of the circular flow in an economy is determined by factors such as the level of production and income, consumer spending, investment, government spending, and net exports. These components interact to dictate the overall economic activity and flow of money between households, businesses, and the government. Additionally, changes in consumer confidence, interest rates, and fiscal policies can also influence the magnitude of the circular flow. Ultimately, a higher level of economic activity leads to a larger circular flow of income and expenditure.
What is the primary economic activity of the Middle East?
Free economy and Command economy
What is Siberia's Economic activity?
Oil and gas is Siberia's main economy
How are the roles of resource owners and firms explained by the circular flow diagram of economic activity?
In the circular flow diagram of economic activity, resource owners provide factors of production—such as labor, land, and capital—to firms in exchange for income, often in the form of wages, rent, or profits. Firms utilize these resources to produce goods and services, which they sell in the market. This flow of resources and income creates a continuous cycle, illustrating how both resource owners and firms interact within the economy, contributing to production and consumption. Ultimately, this diagram highlights the interconnectedness of different economic agents in facilitating economic activity.
How may saving influence economic activity?
savings in an economy impact the level of investment in the economy. if the households save more, then this will lead to capital formation in the economy which will boost the economic situation of the nation.
What is the effects of savings and investment in circular flow of the economic activity?
The households like to allocate a part of their incomes for future uses. As a result the firms has to dispose all their goods and services that remain unsold. creating a disequilibrium to the flow of the economy.
What region in Canada has the most people and the most economic activity-?
Alberta's economy is a sum of all the economic activity in Alberta, which is Canada's fourth largest province by population.
