A Circular Flow Diagram Shows the Flows from the Goods

question 364

True/False

A circular flow diagram shows the flows from the goods and resources markets.

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Definitions:

Service Business

A form of enterprise offering non-physical goods or services to its clients instead of tangible products.

Pet Groomer

A professional who provides hygiene and aesthetic care for pets, such as bathing, hair cutting, and nail clipping.

Grocer

A retail merchant or shop that specializes in selling food and other household supplies.

Lawn Care Company

A business that specializes in maintaining and beautifying outdoor grassy areas, gardens, or landscapes.