sambonkateko72 sambonkateko72

21-02-2021
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Name three markets on the circular flow and give their functions

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dhalamundo13 dhalamundo13

21-02-2021

Production, consumption and exchange are the three main activities of the economy. Consumption and production are flows which operate simultaneously and are interrelated and interdependent.

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2017655 2017655

21-02-2021

Answer:

Circular flow Diagram is a visual model of the economy that shows how ... In these markets, households provide firms the inputs that the firms use to ... The households sell the use of their labor, land, and capital to the firms in the ... however, because the firm uses it to buy inputs in the markets for the factors of production.

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