Examlex
The private nonprofit sector is a provider of services.
Demanders
Individuals or entities that express a willingness and ability to purchase goods or services at a given price.
Suppliers
Businesses or individuals that provide goods or services to another entity under terms specified in a contract.
Factors of Production
The resources utilized in the production of goods and services, traditionally categorized into land, labor, and capital.
Circular-Flow Model
A model that illustrates the movement of resources and money between firms and households in an economy.
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