With Reference to the Circular Flow of Income,how Is the Allocation

question 13

Multiple Choice

With reference to the circular flow of income,how is the allocation of resources largely decided?

• A)by central authorities only
• B)by central authorities and firms only
• C)by firms and individuals acting independently
• D)by political parties and firms only
• E)by individuals only

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Definitions:

Communicate

The process of conveying information or expressing thoughts and feelings through verbal or non-verbal means.

Form Groups

The process of assembling individuals into teams or collectives based on criteria such as skills, tasks, or common goals, to accomplish objectives.

Effective Change Programs

Refers to well-designed and implemented initiatives that successfully achieve desired changes within an organization.

Organization's Members

Individuals who are part of an organization and contribute to its culture, goals, and activities.