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Why does the free-market system follow a circular flow model?

Anonymous

∙ 14y ago

Updated: 4/28/2022

consumers

The free choices made by consumers and producers influence each other.

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∙ 14y ago

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

A circular flow model

Which of the following best explains why the circular flow model characterizes the free-market system?

Consumers and producers influence each other in a circular fashion.

What type of economic system answers the basic economic questions in the circular model?

Free Enterprise

The circular flow model of a mixed economy shows .?

what does a circular model of a mixed economy show

Draw a circular flow model of economics?

Draw and explain circular flow model

Related Questions

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

A circular flow model

Why circular flow model characterizes the free market system?

Consumers and producers influence each other in a circular fashion.

Which of the following best explains why the circular flow model characterizes the free-market system?

Consumers and producers influence each other in a circular fashion.

What type of economic system answers the basic economic questions in the circular model?

Free Enterprise

The circular flow model of a mixed economy shows .?

what does a circular model of a mixed economy show

Draw a circular flow model of economics?

Draw and explain circular flow model

What statement does not describe the current model of the atom?

The statement that electrons move in fixed circular orbits around the nucleus is incorrect. In the current model of the atom (the quantum mechanical model), electrons are described by probability distributions called orbitals and do not follow fixed circular paths.

What best demonstrates the way consumers and producers influence each in the free market system?

A circular flow model

Which of the following best demonstrates the way consumers and producers influence each other in the free market system?

A circular model

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

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.

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