In a Simple Circular Flow Diagram,who Supplies Factors of Production

question 97

Essay

In a simple circular flow diagram,who supplies factors of production in markets and who buys these factors of production? Who supplies goods and services in markets and who buys these goods and services?

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Definitions:

Creative Imagery

Creative imagery involves the use of vivid and imaginative visual descriptions to enhance storytelling, promote understanding, or stimulate creative thinking.

Relaxation Technique

A method or practice aimed at reducing stress and promoting physical and mental well-being.

Rapport Topic

A subject or theme selected to build a supportive and harmonious relationship with someone, often used in sales and networking.

Core Principles

Fundamental beliefs or values that serve as the foundation for a system, organization, or individual's actions and decisions.