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>
Evidence. Let's say there was a murder and they find a person's finger prints on the weapon that was used to kill the victim, then we can safely assume they were the killer. You also need to take account for motive, where they were during the time of murder, etc. <span />
Answer:
B ) It helps to cover any expenses for a loss.
Explanation:
Have a nice day.
Answer: Short run growth is common when: Countries are recovering from an economic
downturn
-
Obstacles preventing resources from being
fully used are loosened
Explanation: Short run growth
occurs when an
economy makes use of existing but
underused resources......
Give the picture. Because we don’t know what we did
