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What diagram shows the movement of goods and services and money from firms to households and from households to firms?
Circular flow
In the circular flow model firms compensate households with which items?
households
A circular flow model shows the relationship between consumers and?
Firms
What is Circular flow of income between households and firms?
from the household, the income flow which is the purchase of goods and services will become firms. then the income flow from the firms which is the wages, interest and rents will go back to the households.
What circular flow models assumes the economy consists of which sectors?
households and firms
What diagram shows the movement of goods and services and money from firms to households and from households to firms?
Circular flow
In the circular flow model firms compensate households with which items?
households
A circular flow model shows the relationship between consumers and?
Firms
What is Circular flow of income between households and firms?
from the household, the income flow which is the purchase of goods and services will become firms. then the income flow from the firms which is the wages, interest and rents will go back to the households.
What circular flow models assumes the economy consists of which sectors?
households and firms
In the circular flow model, households supply firms with which of these items?
labor, capital, and resources
What is simple circular flow model?
Depicts how firms produce and sell goods and services.
In the circular flow model households supply firms with which items?
Labor, capitital, and raw materials.
What do the inner arrows of the circular flow model represent?
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
What do the inner arrows of the circular flow model represent.?
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
What do the inner arrows of the circular flow model represents?
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
Describe the circular Flow Model?
The circular flow model is a summary of the operation of a market economy, that is the flow between production factors (firms) and households. Firms provide an income to households though employment (labour) and in the same manor households spend their income on firms for services and products.
