In the Circular Flow Model, Households Act as Buyers in the Resource

question 215

True/False

In the circular flow model, households act as buyers in the resource markets.

---

Definitions:

Business Model Canvas

A strategic management template for developing new or documenting existing business models, visually describing a company's value proposition, infrastructure, customers, and finances.

Pitch Deck

A presentation created by entrepreneurs seeking investment, illustrating the key elements of their business plan, including vision, strategy, and financials.

Vivid Vision

A detailed description of what a company aims to achieve in the future, often visualized comprehensively to inspire action towards those goals.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.