In the Simple Circular Flow Diagram,the Flow of Money from the Markets

question 167

Multiple Choice

In the simple circular flow diagram,the flow of money from the markets for goods and services to the firms is called

• A)spending.
• B)revenue.
• C)income.
• D)wages,rent,and profit.

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Definitions:

Labour Union

An organization that represents the collective interests of workers in negotiations with employers over wages, working conditions, and other employment terms.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Share Price

It indicates the current price at which a single share of a company's stock can be bought or sold in the market.

Shareholders

Individuals or entities that own shares in a corporation, representing partial ownership.