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6 July, 12:30

The circular flow model examines interactions between which sectors of the economy? Check all that apply.

private

government

business

tech

households

+2
Answers (2)
  1. 6 July, 12:56
    0
    Answer: Business, Government and Household sector

    Explanation: A circular flow diagram shows the flow of goods and services between the firms, households and the government. Role of each sector,

    Business - Supply goods and service to the households and government sector in return for revenue and make factor payments to the households.

    Household - They supply factors of production to the government and the business sector in return for factor payments and purchase goods and services from them.

    Government - This sector produces goods and services, taxes the households and business sector and also provides transfer payments or subsidies to them.
  2. 6 July, 15:28
    0
    Business, Government, and Household sector is the answer
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