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:

Breach

The violation of a law, duty, or other form of agreement, often leading to legal action or sanctions.

Comparative Negligence

A legal doctrine that allocates damages based on the degree of fault or negligence of each party involved in an incident, reducing compensation accordingly.

Assumption of the Risk

A defense in tort law that a person knowingly exposed themselves to a dangerous situation and is therefore responsible for their own injuries.

Contributory Negligence

A legal concept where the plaintiff's own negligence played a part in causing their damages, potentially reducing the amount they can recover.