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[NovaNet] the movement of income from producers of goods and services to consumers, and back to producers.
[Study Island] Consumer spending drives demand for goods and services.
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The circular flow of economic activity sHow is the interdependency of firm and household decision making?
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
Circular flow of economic activity?
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
How does the circular flow of economic activity generates wealth in an economy?
It doesn't. The economy will remain stagnent.
How various marketing activities influence the flow of goods and services?
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
The circular flow of economic activity describes an economy that is free of market true ofr false?
False
The circular flow of economic activity sHow is the interdependency of firm and household decision making?
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
Circular flow of economic activity?
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
How does the circular flow of economic activity generates wealth in an economy?
It doesn't. The economy will remain stagnent.
How various marketing activities influence the flow of goods and services?
The circular flow of economic activity is a model showing the basic economic relationships within a market economy.
The circular flow of economic activity describes an economy that is free of market true ofr false?
False
The circular flow of economic activity describes an economy that is free of markets?
The market is the mechanism that brings together households and firms.
How is the economic activity circular?
It isnt
The circular flow of economic activity is characterized by?
How people produce (make money) and consume (spend money).
What type of economic system answers the basic economic questions in the circular flow?
Free Enterprise
If goods and services flow clockwise in a circular economic flow diagram then consumption expenditures flow.....?
Counterclockwise and revenues flow counterclockwise.
To which principle does circular flow refer?
The circular flow refers to a simple economic model which describes the reciprocal circulation of income between the consumers and producers. Thanks
What is the effects of savings and investment in circular flow of the economic activity?
The households like to allocate a part of their incomes for future uses. As a result the firms has to dispose all their goods and services that remain unsold. creating a disequilibrium to the flow of the economy.
