In the circular flow of economic activity, there are two kinds of markets in which firms and households interact. In the factor

Question

Pachacha [2.7K]

3 years ago

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In the circular flow of economic activity, there are two kinds of markets in which firms and households interact. In the factor

market:___________

Business

1 answer:

Nostrana [21] · Answer 1 · 2021-12-25T03:46:27+03:00

Answer: Goods and the services are exchanged

Explanation:

The circular flow of the economical activity is refers to the various types of economical relationship in the market economy and the money and the wages are the form which is basically used for purchasing the products and the services.

In the given factor market the various types of products and the services are get exchange by the interaction of organization and the household. It is also helps for calculating the specific national income.

Therefore, Goods and the services are exchanged is the correct answer.

In the circular flow of economic​ activity, there are two kinds of markets in which firms and households interact. In the factor

In the circular flow of economic activity, there are two kinds of markets in which firms and households interact. In the factor