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Complete the Following Using the Terms Listed

question 113

Multiple Choice

Complete the following using the terms listed.
-The _____ is an internal channel that informally passes information from unofficial sources.


Definitions:

Demanders

Individuals or entities that express a willingness and ability to purchase goods or services at a given price.

Suppliers

Businesses or individuals that provide goods or services to another entity under terms specified in a contract.

Factors of Production

The resources utilized in the production of goods and services, traditionally categorized into land, labor, and capital.

Circular-Flow Model

A model that illustrates the movement of resources and money between firms and households in an economy.

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