Distinguish between the resource market and the product market in the circular flow model. In what way

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Distinguish between the resource market and the product market in the circular flow model. In what way are businesses and households both sellers and buyers in this model?
What are the flows in the circular flow model?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:42 AM

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Distinguish between the resource market and the product market in the circular flow model. In what way

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The resource markets are where the owners of the resources the households sell their resources to th...View the full answer

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