The circular flow model illustrates how resources and goods move through the economy between _______ and businesses

Economics Apr 08, 2021

The circular flow model illustrates how resources and goods move through the economy between _______ and businesses.

A. individuals

B. households

C. entrepreneurs

D. government

Expert Solution

The circular flow model illustrates how resources and goods move through the economy between __households_____ and businesses.

Option B. is correct

Explanation

This round stream model of the economy shows the joint effort of households as they exchange products and ventures and factors of creation. For straightforwardness, the model here shows simply the private neighborhood economy; it blocks the organization and far-off parts.

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote