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In the Circular Flow Model, the Flow of Dollars from Firms

question 59

Multiple Choice

In the circular flow model, the flow of dollars from firms to households is paid _____ and the flow of dollars from households to firms is paid _____.


Definitions:

Monetization

Monetization is the process of converting something into revenue, such as generating income from a website, application, or digital content through advertisements, subscriptions, or sales.

Social Commerce

The practice of buying and selling goods or services through social media platforms, leveraging user contributions and social interactions.

Entertainment Marketing

The practice of using entertainment media to promote products, services, or brands.

IoT Gateway

An IoT gateway serves as a critical bridge between IoT devices in the field and the cloud, where it aggregates, filters, and processes data from various sources before transmitting it.

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