In the Circular flOw Model, the Factors of Production Are

question 87

Multiple Choice

In the circular flow model, the factors of production are owned by _____.

• A) firms
• B) the government
• C) a few rich industrialists
• D) households

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Definitions:

Organize Tasks

The process of arranging or prioritizing tasks in a systematic way to improve efficiency or productivity.

Track Progress

The process of monitoring and recording the development or performance of a project, work, or a specific task over time.

Sales Proposal

A document or presentation that outlines the offer, including product or service descriptions, pricing, and benefits, to persuade a buyer towards a sale.

Status Indicator

Visual cues or symbols in software that display the current status of operations, connectivity, or other conditions.