Answer:
Households and firms have four main interactions with each other, according to the circular flow of the economy.
Explanation:
Households sell or rent the factors of production to firms (labor and capital), and firms use these factors to produce goods and services which they in turn sell to households.
Firms pay households for these factors of production in the form of wages (to pay for labor), or rent and dividends (to pay for capital). Households in turn, spend money in the goods and services that the firms produce, which forms the consumer expenditure component of Gross Domestic Product.
All sixteen realms are constitutional monarchies and full democracies where the Queen<span>has limited powers or a largely ceremonial role. The </span>Queen<span> is head of the established Protestant Christian Church of England in the United Kingdom, while the other 15 realms do not have an established church.</span>
<span>I am totally sure that this one D.social contract between person and ruler for security </span><span>wasn't one of Thomas Hobbes' philosophical views.</span>
