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Microeconomic Concepts

Label the circular flow diagram below

responses
a) Product market (goods and services)
b) Resource (factor) market
c) Businesses
d) Households
f) Wages
g) Consumer Expenditure

1 answer

c) Businesses
d) Households
a) Product market (goods and services)
b) Resource (factor) market
f) Wages
g) Consumer Expenditure

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