Question

In the product markets of the circular flow model, households provide __________ to the business sector in exchange for goods and services.

Answer 1

In the product markets of the circular flow model, households provide Consumption Spending (or Revenues) to the business sector in exchange for goods and services.

Consumer spending is the total amount of the money spent by people and families in an economy on finished goods and services for their own use and enjoyment. All private purchases of durable, nondurable, and service products are included in modern measurements of consumer spending.

To help estimate and plan investment and policy decisions, investors, corporations, and regulators regularly monitor published statistics and reports on consumer spending.

To know more about consumer spending, click here:-

brainly.com/question/14809763

#SPJ4