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Cost of Production
Households
Business
Consumer Spending
Goods and Services

Which two flows make up the Factor or Resource market?

Sagot :

GinnyAnsweridn

Final answer:

Factor markets in the Circular Flow Model involve households supplying factors of production to firms and receiving payments in return.


Explanation:

Factor markets in the Circular Flow Model involve two main flows: households supplying factors of production to firms and firm payments for these factors of production to households. These flows represent the exchange of factor services and factor incomes in the economy.


Learn more about Factor markets in the Circular Flow Model here:

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