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masha68 [24]
1 year ago
7

In the circular flow model, households provide to firms. This is represented by the letter A.

Business
1 answer:
Lana71 [14]1 year ago
5 0

Households would provide factors of production to firms.

  • The circular flow demonstrates the movement of money in the economy.
  • The two-sector model of circular flow comprises households and firms.
  • Money first flows from producers to households in return for production services in the form of wages.  
  • Finally, return to producers back in the form of payment for the purchase or expenditure made by households.

<h2>What do you mean by circular flow of money?</h2>
  • The circular flow model demonstrates how money moves through society.
  • Money flows from producers to workers as wages and flows back to producers as payment for products.
  • In short, an economy is an endless circular flow of money.

<h2>What are the two types of circular flow?</h2>

There are two types of circular flow:

  • Real flow: The term real flow means the flow of factor services from households to firms.
  • Similarly, the flow of goods and services from firms to households.
  • Money flow: The money flow refers to the flow of factor payments from firms to households for factor services.

Learn more about the circular flow of money here:

brainly.com/question/24114630

#SPJ10

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$5000 is the GDP

Explanation:

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