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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
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 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.
In the circular flow model household supply firm with what items?
In the circular flow model, households supply firms with factors of production, which include labor, capital, land, and entrepreneurship. In return, firms provide households with goods and services, creating a continuous flow of economic activity. This interaction highlights the interdependence between households and firms in an economy.
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....
In circular flow model how are households compensated by firms for the factors of production they provide?
In the circular flow model, households provide factors of production—such as labor, land, and capital—to firms. In return, firms compensate households through wages, rent, and profits, which represent the income households earn from their resources. This exchange creates a continuous flow of goods, services, and money between households and firms, driving the economy. The compensation received by households enables them to purchase goods and services, completing the cycle.
