Based on this model, households earn income when purchase in factor markets.

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asked Apr 4, 2019 20.7k views

2 Answers

Chethan Shetty · Answer 1 · 2019-04-06T13:49:55+0000

The circular-flow diagram illustrates that, in markets for the factors of production,Households are sellers, firms are buyers.Based on this model, households earn income when firm purchase resources.

Mplungjan · Answer 2 · 2019-04-10T02:29:51+0000

Answer:

firms

labor & capital

Step-by-step explanation:

js did it and WAS MARKED WRONG THANKS TO SOMEONE GIVING ME THE WRONG ANSWER

Based on this model, households earn income when purchase in factor markets.

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