1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iVinArrow [24]
3 years ago
11

For what reason do economic use a circular flow model

Social Studies
1 answer:
Galina-37 [17]3 years ago
3 0

Economists use circular flow models as a way to illustrate the way a market economy works and how the various parts of that type of economy are linked to one another.

The circular flow model is used to show how households and businesses are linked together.  It shows businesses buying from households in factor markets while households buy from businesses in product markets. 


Hope this helps!!

You might be interested in
What is one advantage and one disadvantage of the global economy for American workers?
yulyashka [42]

The world economy or global economy is the economy of the world, considered as the global trade of merchandise and enterprises that is communicated in fiscal units of record (cash).

Global economy is very important to the US, the US economy is additionally influenced by its exchange and money related linkages with whatever remains of the world.Global economic improvements assume a critical part in driving action and money related markets in the US.

An advantage is that American laborers can be paid higher wages for the work they do which is additionally more particular. A disadvantage of that in the meantime is that they land less positions at last as its less expensive to utilize specialists abroad in China.

8 0
3 years ago
Read 2 more answers
How can citizens change laws at the local level?
inna [77]
Citizens can have an initiative which can put your law on the ballot to be voted on which in the end with enough signatures or votes your law may become true and realized as a real law. 
4 0
4 years ago
Twelve tables: were the plebeians happy with their status?
ch4aika [34]
I wouldn’t think so because they were poor and overlooked. the plebeians were probably thought of as unintelligent and unsuccessful.
4 0
3 years ago
In late baroque venice, four religious institutions for orphaned girls gained fame; these institutions were called:
elena-s [515]
These institutions were called OSPEDALI.
The institutions were established to give shelter and education to children who are abandoned, orphaned or those who can not be supported by their families. The institutions were financed by funds provided by the public. The children usually learn a trade and then leave the institution when they are fifteen years old.
3 0
4 years ago
When listening to a careful discussion and debate covering the pros and cons of a given issue, research suggests that people who
irinina [24]
People in the "pro" side would say what's good about whatever the topic is.
6 0
3 years ago
Other questions:
  • Which of the following best describes the significance of the Fordney-McCumber Tariff of 1922? a. It created the first pension s
    8·1 answer
  • The main factor contributing to the establishment of modern Israel was that the Jewish people had
    6·1 answer
  • You respond to the residence of a senior citizen who has fallen. you make an observation about slippery throw rugs on the living
    12·1 answer
  • Addressing public policies are an important job of citizen and members of government in any society. What are the three stages o
    8·2 answers
  • Mormonism is most concentrated in the counties surrounding Salt Lake City, Utah, and the population of Mormons as a percentage o
    15·1 answer
  • Renaldo has autism and he was mute. A therapist working with Nicolas initially gave him a piece of chocolate any time he made a
    15·1 answer
  • What key components make up social structure?
    15·1 answer
  • A crucial component of flooding is ________________, in which therapists prevent clients from performing their typical avoidance
    5·1 answer
  • Whats the minimum amount of electoral votes that a state must have?
    14·1 answer
  • Someone help ima give u extra point
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!