Question: Have a look at the simple economic circular flow model in the graph below. FACTOR Money incom MARKET Costs Households sell Firms buy Labour, land,

Have a look at the simple economic circular flow model in the graph below. FACTOR Money incom MARKET Costs Households sell Firms buy Labour, land, c of production erest, profits) preneuria (wages, rents, , capital, entre- Factors of rial ability BUSINESSES HOUSEHOLDS . Buy factors of . Sell factors of production production Sell products Buy products ue Spoog services enditures PRODUCT nd services MARKET Goods and se Revenue Firms sell Households buy Consumption ex Please explain how the circular flow works in one of the industries below: Fast food Education Garment Cigarette . Healthcare (hospital)

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