Answer: household and firms
Explanation:
The circular flow model which is also referred to as the circular flow of income simply shows how money flows or changes hand between the household and the firms.
For example, the individuals purchases goods from the firm's and the firms pay individuals which are the workers wages and salaries. Money moves through different ways in the economy.
European countries engaged in colonialism in the 1600s and 1700s for the main reason of expansion. This expansion resulted in <span>peacefully intermingling the cultures without </span><span>racism </span>and colonial massacres. The term colonialism refers to the developmental differential due to control of one people by an alien one, according to <span>Wolfgang Reinhard. Hope this answers your question. </span>
Answer:
Lumber iron and whale oil
Explanation:
