johndheming9835 johndheming9835
  • 24-01-2020
  • Business
contestada

What model explains the nature of economic transactions in terms of a flow of resources from businesses to households and back again?

Respuesta :

fakunle32 fakunle32
  • 25-01-2020

Answer:

The answer to this question is Circular flow model

Explanation:

A circular flow model is a model that shows the flow of income in the economy. It shows how income flow from business to household and how household return this money back to businesses in the terms of buying goods and services. It consists of components which  includes households, Businesses, government

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