house holds work and spend
firms - provide goods and employ also some spply other firms
government - provide goods and services but transfer payments eg taxes and pensions
Banks - take savings and...
A)help to explain how partipant in the econmy interact with one other . B)help to explain how the economy is organized . C)incorporate all aspects of the real economy. D)Both (a)and (b) are correct
The circular flow involves, purchasing resources in a resource market, and using the resources to produce a goods or service, selling the items to others in the output market. The consumer provide...