In the circular flow model, the market economy creates continuous, repetitive flows of goods and services, resources and money. In this model, households spend income in the product market. According to the circular flow model, households buy the goods and services that businesses make available in the product market. Moreover, In the circular flow model, businesses will buy resources from and sell products to households and other businesses. In this way: The function of businesses in the circular flow model is purchase resources and sell products.
<span>__________class_____ distinctions operate in virtually every aspect of our lives, determining the nature of our work, the quality of our schooling, and the health and safety of our loved ones.</span>
The federal bank of the United States is also known as The Federal Reserve System, or the Federal Reserve, or simply as the Fed.
