In the circular flow model, is the supplier of goods and services in the product market and is the consumer of the goods and services in the product market.

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12-07-2022
Business

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In the circular flow model, is the supplier of goods and services in the product market and is the consumer of the goods and services in the product market.

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Parrain Parrain · Answer 1 · 2022-07-14T17:35:13+02:00

The supplier of goods and services in the circular flow model is Firms and the consumer is the Household.

What is the circular flow model?

This is a model that shows the relationship between households and firms in the market.

Firms supply households with goods and services and households supply firms with factors of production while consuming the goods and services.

Find out more on the circular flow model at https://brainly.com/question/1433471.

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In the circular flow model, ______ is the supplier of goods and services in the product market and ______ is the consumer of the goods and services in the product market.

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What is the circular flow model?

Otras preguntas

In the circular flow model, is the supplier of goods and services in the product market and is the consumer of the goods and services in the product market.