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Arte-miy333 [17]
3 years ago
8

How do individuals contribute to the circular flow of economic activity? Group of answer choices Businesses buy goods and servic

es from individuals Businesses purchase productive resources in product markets Individuals provide labor for factor markets and buy goods in product markets Individuals buy productive resources from factor markets and provide labor for product markets
Social Studies
2 answers:
Lana71 [14]3 years ago
8 0

Answer: Individuals provide labor for factor markets and buy goods in product markets.

Explanation: As part of the circular flow of economic activity, in the product market, producers sell goods and services to consumers. Productive  resources are bought and sold in the resource market (or factor market).

Hope this helps!!! Good luck!!! :)

ehidna [41]3 years ago
3 0

Answer:

Individuals provide labor for factor markets and buy goods in product markets

Explanation:

They sell scarce resources (labor) for income and spend income to buy goods and services. change in the quantity of a product purchased in response to a change in price.

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