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What way do businesses and households both supply and demand in the circular flow model?
Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same.
What is an example of a resource market?
Resource markets are when households sell and businesses buy, therefore, an example of a resource market is labor. Land, capital and entrepreneurial ability are also a few examples.
What are The two primary players in the circular flow model are?
Households and Businesses
What role do people play in the economy?
The primary participants in the circular flow of goods and services are businesses and households. Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same--
How do businesses and individuals participate in both the product market and the factor markets in the economy?
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
In the financial system who are the borrowers?
households, individuals, and businesses
Who are the borrowers In the financial system?
households, individuals, and businesses
Businesses provide an _________ to households through employment.?
Income
In what way do businesses and households both supply and demand in circular flow model?
Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same.
What way do businesses and households both supply and demand in the circular flow model?
Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same.
Does Microsoft office mean it is only for offices?
No it for households as well as businesses
The two primary players in the circular flow model are:?
Households and businesses
What are The two primary players in the circular flow model are?
Households and Businesses
What is an example of a resource market?
Resource markets are when households sell and businesses buy, therefore, an example of a resource market is labor. Land, capital and entrepreneurial ability are also a few examples.
What role do people play in the economy?
The primary participants in the circular flow of goods and services are businesses and households. Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same--
How do businesses and individuals participate in both the product market and the factor markets in the economy?
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
What is the public and private sector about?
I believe private sector is households interacting with businesses
