Examlex
Explain how the six essential nutrients function to support the body and keep the body healthy.
Circular-Flow Diagram
A model that illustrates the movement of goods, services, and money between households and businesses in an economy.
Factor Market
A marketplace where services of the factors of production (labor, land, capital) are bought and sold.
Product Market
The marketplace where final goods or services are offered to consumers, businesses, and the government.
Positive
In economics, referring to factual statements or analyses about how the world is, as opposed to normative statements which are about how the world ought to be.
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