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In the Circular Flow Diagram, Who Owns the Factors of Production

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In the circular flow diagram, who owns the factors of production and consumes all of the goods and services produced?


Definitions:

Maternity Leave Benefits

Employment benefits that provide paid or unpaid leave for mothers to recover from childbirth and bond with their newborn.

Working-Class Families

Households where the majority of income comes from wages earned through manual labor or skilled trades.

Divorce Rate

A statistical figure expressed as the number of divorces occurring among the population of a given area during a year per 1,000 population.

Serial Monogamy

The practice of engaging in a series of monogamous relationships, where one partnership is followed by another over time.

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