According to the Circular Flow Diagram,in Return for Land,labor,capital and Entrepreneurial

question 213

Short Answer

According to the circular flow diagram,in return for land,labor,capital and entrepreneurial ability,households receive ______________________________.

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Definitions:

Systematic Mistake

An error that occurs consistently due to a flaw in the system, methodology, or process, rather than random or individual mistakes.

Borda Count

A voting system used to rank candidates in which voters rank options, and rankings are then converted into scores to determine the winner.

Arrow's Impossibility Theorem

A theorem stating that no rank-order voting system can simultaneously fulfill all of a certain set of reasonable fairness criteria.

Pairwise Voting

A voting system in which choices are compared one pair at a time, with participants selecting their preference in each matchup.