In The Circular Flow Model Of The Market System Households. In the resource market households sell resources to businesses. Households buy the goods and services that businesses make available in the product market.
In the circular flow model of the market system households major role is to. Explain the interconnections displayed in the circular flow model with specific real world examples of. The flows of money and goods exchanged in a closed circuit correspond in value but run in the opposite direction.
In the circular flow model.
The flows of money and goods exchanged in a closed circuit correspond in value but run in the opposite direction. In the circular flow model households. Related to this question related answers. 1 households 2 firms 3 product goods services market and 4 factor markets.
