In the Circular Flow Diagram, Who Owns the Factors of Production

question 247

Short Answer

In the circular flow diagram, who owns the factors of production and consumes all of the goods and services produced?

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Definitions:

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and distinctive art forms.

Disability Years

A metric used to quantify the impact of disabilities on an individual's life, often in terms of years lived with reduced quality of life.

Educational Levels

Stages of formal learning and training that a person has completed, usually categorized as primary, secondary, and tertiary (or higher) education.

Health Literacy

The ability to read and understand health information to make health decisions.