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In a circular flow diagram, resource markets represent the elements of the economy that:

A. purchase consume products.
B. sell products to consumers.
C. provide business with materials.
D. produce goods and services.
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Sagot :

Answer: C. provide business with materials.

Explanation:

The circular flow model of an economy shows how goods and services and money are exchanged between the economic agents that is, individuals, firms and the government.

The resources market represents the part of the economy that supplies businesses with the resources that are needed for productive activities to take place. The resources typically include land, labor, capital.

Based on the information given above, the answer will be C.

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