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Why households will first spend their money on non durable goods and services?
Updated: 12/6/2022
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Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the .?
product market
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the?
product market
Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the?
It's Product Market.
What is supplied by households in the circular flow of goods and services.?
Labor
What diagram shows the movement of goods and services and money from firms to households and from households to firms?
Circular flow
Related questions
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the .?
product market
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the?
product market
Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the?
It's Product Market.
What is supplied by households in the circular flow of goods and services.?
Labor
In the circular flow of goods and services which of these do households not receive?
resources
What diagram shows the movement of goods and services and money from firms to households and from households to firms?
Circular flow
What is good market?
businessess produce goods and services and sells them to households
In the actual economy goods and services are purchased by?
households and the government but not the firms.
Which participants are of greatest importance in determining what goods and services are produced?
Households
In the circular flow diagram households?
Make consumption expenditures and receive goods and services.
What is the definition of real flow in economics?
The flows of factors of production that go from households through factor markets to firms and of the goods and services that go from firms through goods markets to households.
In the circular flow of goods and services what does the resource market represent?
all the exchanges of goods and services in an economy
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