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

A circular flow model


Draw a circular flow model of economics?

Draw and explain circular flow model


The circular flow model of a mixed economy shows .?

what does a circular model of a mixed economy show


According to the circular flow model on what is all household income spent?

Are sellers in labor market and buyers in the goods and services market


In a Circular Flow Model consisting of the Household Sector The Business Sector Product Markets and Resource Market...?

Businesses are sellers of products.


Why is circular flow model only a theory?

since there will be leakages from the circular flow


Why is the circular flow model only a theory?

since there will be leakages from the circular flow


What is Circular flow of income model withdrawal from the circular flow?

Taxation Imports Savings


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


How does the circular flow model of a mixed economy compare with that of a market economy?

Government is added into the circular flow model of a mixed economy.


Does the circular flow model of a mixed economy compare with that of a market economy?

Government is added into the circular flow model of a mixed economy.


Simple circular flow model shows that?

A simple circular flow model shows the flow of goods and services through the economy. It is basically a model that shows supply and demand in an economy.