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>
<span>In the 10 years that Sheikh Mohammed bin Rashid has been Ruler of Dubai, the emirate has not only defied a global economic crisis, but emerged from it bigger, better, stronger, smarter – and happier.</span>
Answer:
The Louisiana State Capitol Building
Explanation:
According to the learned helplessness model of depression, some depressed people : A.<span>think they have no control over the outcomes of events they experience
A depressed people tend to have a low self-worth and believe that nothing they do could affect the outcome of their situation. This make them become unreliable to work in a team and make other people tend to be discouraged to work together with such people.</span>
