Examlex
Which of the following is not a characteristic of service operations?
Injection
Any spending other than by households or any income other than from resource earnings; includes investment, government purchases, exports, and transfer payments.
Circular Flow
An economic model that illustrates the continuous movement of goods, services, and money between producers and consumers in an economy.
Circular Flow Model
A diagram that illustrates the movement of goods, services, and money between households and businesses in the economy.
Resource Market
The resource market is where raw materials, labor, and capital resources are traded, enabling firms to produce goods and services and reflecting the interaction between supply and demand for resources.
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