In the circular-flow diagram,an individual or a group of people (usually a family)who share their income is a(n):

Question

Quizplus · Accepted Answer

A household is an individual or a group of people who share their income. They are one of the two main players in the circular-flow diagram, along with businesses. Markets and factors are the two types of resources that businesses and households exchange in the circular-flow model. Therefore, choice C, household, is the best option.

In the Circular-Flow Diagram,an Individual or a Group of People