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Finger [1]
3 years ago
5

What are the characteristics of the best circular flow of income?

Business
1 answer:
ycow [4]3 years ago
8 0

Answer: The circular flow of income represents money moving through the economy. Circular flow of income can be seen in a situation where households purchase goods and services from firms by using the income they earned from firms by working for them.

Explanation:

Characteristics of circular flow of income are :-

It helps in studying or analysing the problems of disequilibrium.

It helps us in analysing the effects of leakages and inflows/injections hence helps in Taking appropriate policy measure for health of the economy .

Circular flow of income creates a networks of markets .

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Maiko lost her job and she was forced to sell a rental property because she did not have other funds​ (liquid, emergency,​ etc)
alexgriva [62]

Answer: The importance of liquidity

Explanation:

The financial principle at play is the importance of liquidity. Liquidity is the ease with which asset can be converted to cash. Maiko's asset has helped her to solve her financial issues she is experiencing after her job loss, therefore this shows the importance of liquidity.

3 0
3 years ago
Assume that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good. The income elasti
Drupady [299]

Answer: The correct answer is "a. negative, and the good is an inferior good.".

Explanation: Assuming that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good, the income elasticity of demand for the good is negative because the good is an inferior good.

Inferior goods are those material elements that are related to the consumption of people who have lower incomes and who cover their basic needs.

Its income elasticity coefficient is negative. Therefore, when the consumer's income increases, the demand for these goods decreases because the consumer can choose other higher quality products..

3 0
3 years ago
Read 2 more answers
As the team works together, Carol plays a diversity manager role , diffusing conflicts and helping everyone feel welcome to cont
Valentin [98]

As the team works together, Carol plays a diversity manager role, diffusing conflicts and helping everyone feel welcome to contribute ideas.

<h3>Diversity and Inclusion Manager responsibilities </h3>

Designing company policies that reinforce diversity in the workplace, address all kinds of harassment, and protect minority groups. Training hiring managers and HR staff on how to select, manage, evaluate and retain diverse employees.

Diversity and inclusion managers need to be:

  • Excellent communicators and active listeners.
  • Familiar with employment regulations and human resources standards of practice.
  • Organized and dedicated to researching and implementing inclusive programs.
  • Skilled in conflict mediation.
  • Familiar with institutional psychology.

To learn more about diversity manager visit the link

brainly.com/question/7655172

#SPJ4

4 0
2 years ago
Brooklyn sells a single product to wholesalers. The company's budget for the upcoming year revealed anticipated unit sales of 33
ELEN [110]

Answer:

E. not change.

Explanation:

The break even point is a point at which the company produces a quantity at which it does not earn any profit or face any losses, so it is a point where the revenues are equal to cost. The break even quantity depends on the fixed cost, variable cost and price of the product and not on the quantity sold. So when the Brooklyn Unit sales are 300 units less than expected it wont change the break even point because the break even point has no relation to it.

8 0
3 years ago
Why do i sometimes need to chose between my wants and needs
maksim [4K]

Answer: needs are more important than wants ! you need to water to survive but want the new PS5.

Explanation:

8 0
1 year ago
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