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

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04-05-2022
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in the circular flow model which one of the following activities occurs in the factor resource market ?

Sagot :

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ewomazinoade ewomazinoade · Answer 1 · 2022-05-11T04:45:50-04:00

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

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

Sagot :

What is the circular flow diagram?

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