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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


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

Businesses are sellers of products.


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


Why is the circular flow model only a theory?

since there will be leakages from the circular flow


Why is 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


What do the inner arrows of the circular flow model represents?

flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)


What do the inner arrows of the circular flow model represent?

flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)


What do the inner arrows of the circular flow model represent.?

flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)