The best answer is a. This model represents the movement of money and resources throughout the economy.
<h2>Further Explanation
</h2>
The Circular Flow Chart is a visual economic model, which shows how money flows through the market between households and companies.
In this model, economic actors are simplified into two economic actors, namely firms (firms) and households (households). The circular flow diagram model shows the interaction between the household and the company.
The company produces products (can be goods or services) using factors of production owned by households. The factors of production can be labor, land, and capital (buildings/buildings, equipment, and machinery).
Households get income from the company for selling/renting out these factors of production. After that, the company's products are sold by the company and then bought by households. The company gets income from household expenses to buy the product (goods and services).
Circular flow diagram consists of several sectors:
1. The economic activity of the two sectors
In the economy, the two sectors only involve two parties, namely the Production Household and Household Consumption.
2. Three sectors of economic activity
In the economy, the two sectors only involve three parties, namely the Production Household; Household Consumption; and Government / State / Government Household.
3. The economic activities of the four sectors
The economic activities of the four sectors involve four parties. Export and import economic activities are characteristic of the activities of the four sectors. So that goods and services can be distributed throughout the world.
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definition of The Circular Flow Chart brainly.com/question/8007784
Division of sectors from the Circular Flow Chart diagram brainly.com/question/8007784
Details
Grade: High School
Subject: Social studies
keywords: The Circular Flow Chart
