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In the Markets for Goods and Services in the Circular

question 69

Short Answer

In the markets for goods and services in the circular flow diagram, households act as


Definitions:

Trust

A firm belief in the reliability, truth, ability, or strength of someone or something.

Self-disclosure

The act of revealing personal information to others, which can enhance intimacy or understanding in relationships.

Competence

The ability to do something successfully or efficiently, often referring to skills or knowledge.

Consistency

The quality of always behaving or performing in a similar manner, maintaining uniformity across situations or over time.

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