Examlex
All of the following are examples of spending on goods and services in the circular flow model except
Liquidated Damages
Damages agreed to by the parties to a contract in the event of a breach.
Custom-Make
To create or manufacture something according to specific requirements or specifications.
Dollhouse
A miniature replica of a house, often used as a child's toy, which can be furnished and decorated to simulate a household.
Accord and Satisfaction
A legal agreement between parties to settle a dispute by agreeing on an acceptable form of compensation.
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