In economics, a circular flow model is a diagram that is used to represent the monetary transactions in an economy.
National income, output, and expenditure are generated by the activities of the two most vital parts of an economy, its households and firms, as they engage in mutually beneficial exchange.
Households
The primary economic function of households is to supply domestic firms with needed factors of production - land, human capital, real capital and enterprise. The factors are supplied by factor owners in return for a reward. Land is supplied by landowners, human capital by labor, real capital by capital owners (capitalists) and enterprise is provided by entrepreneurs.<span> Entrepreneurs combine the other three factors, and bear the risks associated with production.</span>
An settlement were religion was taught was the settlement of Plymouth Colony<span> (sometimes </span>New Plymouth<span>, or </span>Plymouth Bay Colony<span>).
They were very religious. Their religion was Christianity.
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The Allies included Britain, France, Russia, Italy and the United States. These countries fought against the Central Powers which included Germany, Austria-Hungary, Ottoman Empire and Bulgaria. Archduke Ferdinand, of Austria-Hungary, was assassinated by a Serb on June 28, 1914.
The answer is: <span>players will over invest in performance enhancements.
judging performance relative to other will create a situation where all players would have to watch over each other and keep improving to maintain a comfortable led with their competitors. In this situation, overly investing in performance enhancement would seem like the most reasonable decision for the players</span>
Many of the European thinkers of the Enlightenment period were greatly influential to the Founding Fathers, especially Jefferson, who used Locke's ideas when writing the Declaration of Independence.
