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>
Categorizing family members based on their hair color would be an example of "Family Resemblance Theory."
This is based on the idea that "Family Resemblance Theory is a theory that tried to explain the similarities in the family or things generally on commonly shared features.
Here, trying to categorize people or distinguish them based on the shared features, such as hair color, is an example of family resemblance theory.
Hence, in this case, it is concluded that the family resemblance theory defined things based on similarities among them.
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The war of 1812 resulted in peace for two centuries.
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So they don't become dictators themselves. It's also important to students so they can learn about society. Such as Russia on how it's a columnist country. Putin is a dictator and that's very good for children's real-world problems!
Explanation: Good luck! (✿◠‿◠)
