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According to the Circular flOw Model of the Market System

question 63

True/False

According to the circular flow model of the market system, when resource-owners' money income is
rising, then the costs to business firms that employ their resources must be falling.


Definitions:

Stakeholder Responsibility

The obligation of an organization towards its stakeholders, including customers, employees, investors, and the community, to operate ethically and sustainably.

Organization

A structured group of people working together to achieve specific goals through a coordinated effort.

Ethical Intensity

Refers to the degree of importance or significance given to an ethical issue, determined by its potential impact on stakeholders and the urgency of addressing it.

Factors Influencing

Elements or conditions that affect the outcome of a process or the behavior of individuals.

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