Ask Question
3 September, 15:08

How are producers' payments for resources illustrated by the circular flow of the economy?

+3
Answers (1)
  1. 3 September, 15:17
    0
    The illustration in a circular flow of economy gives a simple presentation among four factors: households; goods and services market; firms; and factor markets.

    Intervening factors of labor, capital, land, etc. are found in between firms and factor markets and also found in factor markets and households.

    The finished product is a creation of the firms, goods and services market; also the households, and goods and services.

    I think the payments for resources sets in the capital relationship between firms and factor markets.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How are producers' payments for resources illustrated by the circular flow of the economy? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers