The figure above shows governments in the circular flow.
-In the figure above,which of the following is true?
i.Governments coordinate economic activities of households and firms.
ii.Governments buy goods and services in goods markets.
iii.Households pay taxes directly to firms.
Definitions:
Functional Teams
Groups of individuals who are divided according to their specific roles or functions within an organization, working together towards common objectives.
Organizational Culture
The shared values, beliefs, and norms that influence the way employees think, feel, and behave in an organization.
Abstract Concept
An idea or notion that is not concrete or tangible but exists as a thought or theory.
Constrains
Factors that restrict the scope, timing, or outcome of a project or activity.
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