Examlex
The simple circular-flow diagram is a model that includes only some key players in the real economy.Which of the following key players are omitted from the simple circular-flow model?
Partner
A partner is an individual or entity engaged in a partnership, sharing the profits, losses, and management responsibilities within the business agreement.
Net Income
The leftover financial gain of a corporation once expenses and taxes are deducted from the total revenue.
Salary
A fixed regular payment, typically monthly or biweekly, made by an employer to an employee, especially a professional or white-collar worker.
Interest Allowances
Financial incentives or rebates given to borrowers, typically reducing the amount of interest they need to pay on loans.
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