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In the Circular Flow Model of the Market System, Business

question 127

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In the circular flow model of the market system, business firms' major role is to


Definitions:

Phonological

Relating to the system of sounds within a language and the rules governing them.

Long-term Memory

The phase or type of memory responsible for the storage of information over extended periods, ranging from minutes to a lifetime.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Serial Search

A search for information in which several stores or slots of information are sequentially examined for match to the target.

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