Examlex
Assessment in crisis intervention:
Circular-Flow Diagram
A visual model of the economy that shows how dollars flow through markets among households and firms, symbolizing the interactions between different sectors of the economy.
Sector
A distinct part or area of the economy or a market, characterized by a specific subset of activities or goods.
Market
A place or system where buyers and sellers interact to trade goods, services, or resources.
Factor Market
A marketplace for the services of a factor of production (such as labor, capital, or land), where these services are bought and sold.
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