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3 February, 12:22

In the circular flow model, which of the following labels belongs in box A?

STOU

firms

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Answers (1)
  1. 3 February, 13:12
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    The correct answer is firms

    Explanation: The circular flow model is a model used to explain the economy. Shows the flow of economic activity in diagram format, which comprises a financial flow.

    Circular flow of income, also known as circular flow of wealth, is a mechanism for describing the economic situation. The circular flow of wealth considers that the following economic markets exist:

    Factors of production: know its 3 main characteristics

    Market of goods, which are tangible, and services, which are intangible;

    Market of factors of production, involving capital, labor and land.
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