Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

in the circular flow model which one of the following activities occurs in the factor resource market ?

Sagot :

The activity that occurs in the factor resource market is  land, labor, capital, and entrepreneurship are bought and sold.

What is the circular flow diagram?

The circular flow diagram shows the flow of goods and services and also the flow of market in an economy. It is believed that their are two agents in the economy - households and businesses

Households provide labour while businesses provide goods and services. The factor resource market is where factors of production are bought.

Here are the options:

A. consumption goods and services are bought and sold.

B)government goods and services are provided.

C) land, labor, capital, and entrepreneurship are bought

and sold.

D) investment goods and services are bought and sold

To learn more about the ciruclar flow model, please check: https://brainly.com/question/26674132

#SPJ1

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.