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

Updated: 4/28/2022

Wiki User

∙ 12y ago

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The free choices made by consumers and producers influence each other.

~Apex

Alena Robel ∙

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∙ 2y ago

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Wiki User

∙ 12y ago

property rights allow consumers and producers to make free choices- apex

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∙ 3y ago

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

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Continue Learning about Economics

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.

Which best explains how a free market system has a circular flow of influences?

Consumers decisions affect producers, and producer decisions affect consumers.

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

consumers and producers influence each other in a circular fashion

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

A circular flow model

Which of the following best explains what market forces are?

the properties of a free-market system that determine what the outcomes will be

Related questions

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.

Which best explains how a free market system has a circular flow of influences?

Consumers decisions affect producers, and producer decisions affect consumers.

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

Why does a free market system follows a circular flow model?

consumersThe free choices made by consumers and producers influence each other.

Why does the free market system follows a circular flow model?

consumersThe free choices made by consumers and producers influence each other.

Why the free-market system follows a circular flow model?

consumersThe free choices made by consumers and producers influence each other.

Why free market system follows a circular flow model?

consumersThe free choices made by consumers and producers influence each other.

Why the free market system follows a circular flow model?

consumersThe free choices made by consumers and producers influence each other.

Explain why the free market system follows a circular flow model?

The free choices made by consumers and producers influence each other. ~Apex

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

consumers and producers influence each other in a circular fashion

What explains the factor responsible for setting prices in a free market system?

"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.

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

A circular flow model

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