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What are the two payments in the free market circular flow model?

Anonymous

∙ 11y ago

Updated: 4/28/2022

Resource markets and product markets are the two payments int he free market circular flow model. Both of these markets are for businesses and households.

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∙ 11y ago

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What are two types of payments in the free market circular flow model?

Resource and product markets.

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

A circular flow model

How does the circular flow model of a mixed economy compare with that of a market economy?

Government is added into the circular flow model of a mixed economy.

What role do businesses that go tothe market play in the circular model?

what role do businesses that go to the market play in the circular flow model

What are the actions of producers in the circular flow model?

sell good and services i the market

Related Questions

What are two types of payments in the free market circular flow model?

Resource and product markets.

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

A circular flow model

How does the circular flow market of a mixed economy compare with that of a market economy?

Government is added into the circular flow model of a mixed economy.

How does the circular flow model of a mixed economy compare with that of a market economy?

Government is added into the circular flow model of a mixed economy.

Does the circular flow model of a mixed economy compare with that of a market economy?

Government is added into the circular flow model of a mixed economy.

What role do businesses that go tothe market play in the circular model?

what role do businesses that go to the market play in the circular flow model

What are the actions of producers in the circular flow model?

sell good and services i the market

What role do people who go to the market play in the circular flow model?

The people who go to the market are consumers.

What role do business that go to the market play in the circular flow model?

to sell their product

What role do people who go into the market play in the circular flow model?

Consumers to buy

What does the circular flow model show?

the interactions between households and businesses in the free market

Why circular flow model characterizes the free market system?

Consumers and producers influence each other in a circular fashion.

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