Examlex
Spontaneous recovery refers to the
Circular-Flow Diagram
A model that illustrates the movement of goods and services and money between households and businesses in the economy.
Markets
Places or systems in which parties engage in the exchange of goods, services, or information, driven by supply and demand.
Circular-Flow Diagram
A graphical representation illustrating the flow of funds among households, companies, and the government within an economy.
Factors Of Production
Inputs necessary for the creation of goods and services, including labor, land, capital, and entrepreneurship.
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