In the ____________________ of the Circular Flow model, Households provide Consumption Spending (or Revenues) to the Business se

Question

VMariaS [17]

3 years ago

11

In the ____________________ of the Circular Flow model, Households provide Consumption Spending (or Revenues) to the Business se

ctor in exchange for Goods and Services.

Business

1 answer:

Dafna11 [192] · Answer 1 · 2022-08-19T19:53:32+03:00

Answer:

Product Markets

Explanation:

The free flow of products and services in a market is an important reason which helps in the encouragement of economic activity. A free market helps in the free flow of the products and services. The circulation of goods and services in the free economy is said to be the circular flow model. The product market in the circular flow model signifies the goods and services which are finished products.