Question: Question 14 FIGURE BUSINESSES RESOURCE MARKET PRODUCT MARKET HOUSEHOLDS Figure 1 above illustrates a simple circular flow of income diagram of economy. In the

Question 14 FIGURE BUSINESSES RESOURCE MARKET PRODUCT MARKET HOUSEHOLDS Figure 1 above illustrates a simple circular flow of income diagram of economy. In the diagram flow (1) represents: land, labor, capital, and entrepreneur. goods and services. wage, rent, interest, and profit. household expenditures.

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