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bearhunter [10]
3 years ago
13

Which statement best describes the circular flow model?

Physics
1 answer:
Mice21 [21]3 years ago
7 0
 It's a economic model illustrating the flow of goods and services though the economy. In the model, producers are termed as "firms". Consumers are referred to as "households." Firms supply goods and services while households consume these goods and services.
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