Circular Flow Chart Flashcards
1
Q
What is the Product Markets Duties?
A
They sell to Business such as Target, Walmart, etc.
2
Q
What is the businesses duty on the Circular Flow Model?
A
Sell products and buys factors of production.
3
Q
What is the households duties in the circular flow chart ?
A
They are the Resource owners .
They sell to the Product Market.
They sell factors of production.
They Buy Products.
