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Rus_ich [418]
3 years ago
14

In the circular flow model, who supplies factors of production in exchange for income?

Business
1 answer:
il63 [147K]3 years ago
4 0

In the circular flow model, factors of production are supplied by HOUSEHOLDS in exchange for income. In the circular flow model, producers are referred to as "firms" while consumers are termed "households". In that sense, goods and services are supplied by firms, and are consumed by households. In the same vein, firms give money to households in exchange for economic resources used as factors of production.

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Explanation:

Informational interview is the interview which is conducted to obtain information from the celebrities, politicians, and other important people to understand and learn about the strategies and planning they are gone through with in their career.

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