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12 July, 16:50

Because the choices of consumers influence producers and the choices of producers also influence consumers, the free-market system has which of the following?

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  1. 12 July, 18:12
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    Because the choices of consumers influence producers and the choices of producers also influence consumers, the free-market has a circular flow of influences. The circular flow model represent the monetary transactions in an economy that follows a specific pattern: Production → Income → Expenditure → Production.
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