Answered

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According to the circular flow model of a free market economy, which of the
following is not provided by consumers?
A. Labor
○ B. Capital
C. Land
D. Wages
SUBMIT

Sagot :

GinnyAnswer

Final answer:

Consumers do not provide capital in the circular flow model of a free market economy.


Explanation:

In the circular flow model of a free market economy, consumers do not provide capital. They provide factors of production like labor to firms and receive wages in return. Capital is usually owned by firms, and consumers mainly contribute labor and consumption.


Learn more about Circular flow model of a free market economy here:

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