1 answer

In the circular flow, households supply goods and services in product market supply factors of production...

Question:

In the circular flow, households supply goods and services in product market supply factors of production in the factor marke

In the circular flow, households supply goods and services in product market supply factors of production in the factor market use the resources for production buy factors of production in the factor market

Answers

ANswer

Option 2

In circular flow, households supply factors in the factor market and the firms hire factors in the factor market.

In goods market, firms supply goods and services and the households purchase it.

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