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>
Answer:
The answer is C.cultural resource management
Explanation:
Advertisements are usually considered promotions for a certain idea or product usually wanting support or people to buy the project.<span />
Answer:
life insurance , health insurance , extend health care
Explanation:
Answer:
a) we all follow the same or different developmental paths.
Explanation:
Human development refers to the changes we undergo as we grow. These changes could be positive, negative, or neutral. The universal view of these changes explains that there is a fundamental process that accounts for the differences in development.
The context-specific perspective explains that the development that occurs in humans has a direct interconnection to the context where it occurs. It further explains that the environment plays an important role in the development of individuals and that since the environment differs for different people, it is not fundamentally the same. So, in short, the two concepts are concerned with whether we all follow the same path or different developmental paths.
