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Sagot :
personal choice
households choose the quantities of labor, land, capital, and entrepreneurial ser- vices to sell or rent to firms in
exchange for wages, rent, interest, and profits. households also choose how to spend their incomes on the various types of goods and services available.
Firms choose the quantities of factors of production to hire and the quantities of goods and services to produce.
households choose the quantities of labor, land, capital, and entrepreneurial ser- vices to sell or rent to firms in
exchange for wages, rent, interest, and profits. households also choose how to spend their incomes on the various types of goods and services available.
Firms choose the quantities of factors of production to hire and the quantities of goods and services to produce.
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