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In the Circular Flow Model, Households Supply Resources Such as Labor

question 37

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In the circular flow model, households supply resources such as labor services in the factor market.


Definitions:

Cyril Briggs

An African-Caribbean American writer and a leader in the New Negro Movement and the African Blood Brotherhood.

Richard Wright

An American author of novels, short stories, poems, and non-fiction, known for his works concerning the African American experience.

National Negro Conference

A historic gathering aimed at addressing issues facing African Americans, often focusing on civil rights and social justice.

Industrialists

Business leaders and entrepreneurs who own or manage industrial enterprises, playing a key role in the development and growth of the industrial sector.

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