In economics, a circular flow model is a diagram that is used to represent the monetary transactions in an economy.
National income, output, and expenditure are generated by the activities of the two most vital parts of an economy, its households and firms, as they engage in mutually beneficial exchange.
Households
The primary economic function of households is to supply domestic firms with needed factors of production - land, human capital, real capital and enterprise. The factors are supplied by factor owners in return for a reward. Land is supplied by landowners, human capital by labor, real capital by capital owners (capitalists) and enterprise is provided by entrepreneurs.<span> Entrepreneurs combine the other three factors, and bear the risks associated with production.</span>
Answer:
This appears to be a question you are trying to use as you own work
Explanation:
Plagiarsm.
Answer:
Well first we are not allowed to give the answer and second just re read it inorder to find key words to help you with the problem
Explanation:
SIMILARITIES
<span>-Both have an instruction for judges, police officers, and witnesses </span>
<span>-Both set regulations and establish wages and prices </span>
<span>-Both punished criminals </span>
<span>-Both had a certain set of right </span>
<span>DIFFERENCES </span>
<span>-US constitution allows more leniency and freedom to it's American citizens like freedom of speech and religion. The Code of Hammurabi (COH) does not. </span>
<span>-COH was very barbaric compared to US constitution </span>
<span>[e.g.) If a man kills another man's son his son shall be cut off. </span>
<span>-If a son slaps his father, his hand shall be cut off.] --->>> These things DO not exist in the constitution. </span>
Vassals. Serfs were slaves. and priests could take the land
