It isnt
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
It doesn't. The economy will remain stagnent.
False
The market is the mechanism that brings together households and firms.
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
It doesn't. The economy will remain stagnent.
False
The market is the mechanism that brings together households and firms.
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
Economic activity is the activity in which we work for earning an incom. Non economic activity is the activity wich we do it for our satisfaction.
its an economic activity of Canada
what is meant by economic activity
How people produce (make money) and consume (spend money).
The different economic activity shown in that location.