Examlex
Which of the following profiles would MOST LIKELY describe an online consumer?
Circular Flow Diagram
A visual model of the economy that shows how dollars flow through markets among households and firms.
Households
Economic units that consist of all individuals who live together in one dwelling, making joint decisions about consumption and labor.
Circular Flow Model
An economic model illustrating the continuous movement of money, goods and services, and factors of production between producers and consumers in an economy.
Interdependence
Interdependence is a condition where entities are mutually reliant on each other, implying that actions of one can significantly impact the others.
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