The correct answer is A) Households and firms.
The circular flow model is a visual used in economics to understand the relationships between households (aka families/individuals) and firms (aka businesses or corporations). This model shows how households provide firms with labor that helps to generate products to sell. In return, households are the families or individuals who buy these goods from firms.
Answer:
Why did Chinese limit trade with foreigners to the Port of Canton? so that it could be easier to collect taxes on imported goods & wanted to regulate trade.
Answer:
<h2>The objective of international organization is to study, collect and propagate information, setting up of laws that are internationally accepted. The international organizations also help in cooperation between different countries by setting up negotiation deals between them.</h2>
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