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In the circular flow model firms compensate households with which items?
households
Who are the decision makers of a circular flow model?
households
What are The two primary players in the circular flow model are?
Households and Businesses
What is there in the simple circular flow model?
Households are sellers of resources and demanders of products.
What does the circular flow model show?
the interactions between households and businesses in the free market
In the circular flow model firms compensate households with which items?
households
Who are the decision makers of a circular flow model?
households
What are The two primary players in the circular flow model are?
Households and Businesses
The two primary players in the circular flow model are:?
Households and businesses
What is there in the simple circular flow model?
Households are sellers of resources and demanders of products.
What does the circular flow model show?
the interactions between households and businesses in the free market
In the circular flow model, households supply firms with which of these items?
labor, capital, and resources
In the circular flow model households supply firms with which items?
Labor, capitital, and raw materials.
What are the two payments in the free market circular flow model?
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.
Transactions made between households and businesses in a market economy are illustrated in which model?
marginal utility model ....i think circular flow model....
Which way does money flow in the circular flow?
From the product market to households.
What role does investment play in the circular flow model of the economy, and how is it defined within this framework?
Investment in the circular flow model of the economy refers to the spending on capital goods like machinery and equipment by businesses. This type of investment is essential for economic growth as it leads to increased production and job creation. In the model, investment is a key component of the flow of money and resources between households and businesses, driving the cycle of production and consumption.
