Ask Question
BusinessBusiness
25 October, 10:26

In what part of the circular flow model do households provide services to and receive payments from firms? Economic development Financial investment Purchases Labor market

+5
Answers (1)
  1. 25 October, 10:49
    0
    Purchases Labor market

    Explanation:

    A simple circular flow of income model is and economic model that shows the movement of goods and services between the firm and the house hold and in the opposite direction is the flow of money between the firm and the household.

    The Household provides factor input to the firm and in return receives rewards for the input in form of money from the firm, the firm on the other hand supply the household with goods and services and receives payment from the household, these transaction flow is thought of as a movement in circular direction, hence the term circular flow of income.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In what part of the circular flow model do households provide services to and receive payments from firms? Economic development Financial ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
1. Which of the following changes does not cause an increase in the quantity of goods and services that can be produced by one worker, or in one hour of work? A. an increase in the quantity of capital per hour worked. B.
Answers (1)
An educated guess to the outcome of any one experiment is called
Answers (1)
The beginning-of-the-period cash balance for the Travis Company was a $24,000 debit. Cash sales for the month were $12,000 and sales on account were $16,000.
Answers (1)
Wu Company incurred $97,200 of fixed cost and $111,600 of variable cost when 3,100 units of product were made and sold. If the company's volume increases to 3,600 units (within relevant range), the total cost per unit will be:
Answers (1)
g Dividends are best defined as: Group of answer choices cash or stock payments to either bondholders or shareholders. cash or stock payments to shareholders. distributions of stock to current shareholders.
Answers (1)
New Questions in Business
Many identify increased globalization as a main factor that led to the economic resurgence seen in the 1990s.
Answers (1)
You run a small community or country and your primary output is the growing of wheat and the sewing of socks. You are able to produce both products for a low cost, so your residents do not have to pay very much for these two products.
Answers (1)
A client's spouse relates how the client reported a severe headache and then was unable to talk or move their right arm and leg. After diagnostics are completed and the client is admitted to the hospital, when would basic rehabilitation begin?
Answers (1)
Lindsay Corporation had net income for 2011 of $3,000,000. Additional information is as follows: Depreciation of plant assets $1,200,000 Amortization of intangibles 240,000 Increase in accounts receivable 420,000 Increase in accounts payable 540,000
Answers (1)
It is necessary for government authorities such as the Federal Trade Commission (FTC) and/or the European Commission to approve any large horizontal integration activity becauseA) the horizontal integration activity changes the industry structure
Answers (1)
Home » Business » In what part of the circular flow model do households provide services to and receive payments from firms? Economic development Financial investment Purchases Labor market
Sign Up Forgot Password?