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

1 answer:

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.

You might be interested in

A market-oriented organization targets its products at "everybody" or "the average customer."

Doss [256]

I’d go with false ..

7 0

3 years ago

Knowledge management is most popular among businesses in

Bingel [31]

Knowledge management is the the way how knowledge is captured, organized, distributed and effectively used. It is a whole process of managing knowledge that is very important for the success of the business because it builds learning organizations by making learning routine, facilitates decision-making capabilities and stimulates cultural change and innovation. It should be part of every type of business. However, KM is mos popular among business in the business administration, management, health, information systems and services.

7 0

2 years ago

What technology uses a standard web browser to provide information, and gives the wireless user the opportunity to agree to a po

Lera25 [3.4K]

Answer:

Captive Portal Access Point

Explanation:

Based on the description provided it seems that the technology being mentioned is called a Captive Portal Access Point. This refers to a web page that is displayed as soon as you try to access a new Wi-Fi network. This web page requires the user to input login credentials (username and password) in order to gain access into the network and use all of the resources that the network can offer.

6 0

3 years ago

Who do you contact when its time to enroll in a repayment plan.

miv72 [106K]

Your loan servicer, or you could go to a financial aid website and go to the help/contact section, you may get a more straightforward answer from a professional

7 0

2 years ago

How many kalamata olives come on a whole salad? Enter the exact number.

skelet666 [1.2K]

Answer:7

Explanation:

5 0

2 years ago