3 years ago

Explain the circular flow model of goods and services, and describe the role of the factors of production in the economy.

1 answer:

7 0

Answer: In the circular flow of the economy, money is used to purchase goods and services. Goods and services flow through the economy in one direction while money flows in the opposite direction. The factors of production include land, labor, capital and entrepreneurship

Explanation:

have a nice day :P

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