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Households play a role in the circular flow of goods by

Sagot :

scotma93

Answer:

People in households buy goods and services from businesses in an attempt to satisfy their unlimited needs and wants.

Explanation:

Households also sell their labor, land, and capital in exchange for income that they use to buy goods and services that firms produce.

Answer:

A runner buys a new pair of athletic shoes.

Explanation:

Households purchase goods and services, which businesses provide through the product market.

Source:

https://colors-newyork.com/what-is-the-role-of-the-household-in-the-circular-flow-model/#:~:text=What%20is%20the%20role%20of%20the%20household%20in,provide%20labor%20to%20businesses%20through%20the%20resource%20market.

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