Examlex
Explain how parties integrate citizens into the political system.
Factor Market
A marketplace where factors of production (e.g., labor, capital) are bought and sold.
Circular-Flow Diagram
A graphical outline that tracks the flow of monetary resources through markets, between companies and household sectors.
Households
Economic units consisting of all individuals who live together and make joint decisions regarding consumption and other financial matters.
Businesses
Entities engaged in commercial, industrial, or professional activities with the goal of generating profits.
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