In the Circular Flow Model,rent,wages,interest and Profit Paid Flow from ________

question 99

Multiple Choice

In the circular flow model,rent,wages,interest and profit paid flow from ________ through ________ to ________.

• A)firms;goods markets;households
• B)households;goods markets;firms as payment for goods
• C)firms;factor markets;households
• D)households;factor markets;firms
• E)firms;goods markets;firms

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Definitions:

Product Life Cycle

The cycle through which every product goes from introduction to withdrawal or eventual demise, including stages of growth, maturity, and decline.

Total Industry Sales

The aggregate revenue generated from all sales within a particular industry over a specific period.

Marginal Competitors

Firms that operate on the fringes of an industry with minimal market share and influence.

Repeat Purchasers

Customers who buy a product or service more than once, indicating loyalty or satisfaction with the product or service.