In the circular ﬂow model, the factors of production are owned by _____.
A) ﬁrms
B) the government
C) a few rich industrialists
D) households

Name: In the circular ﬂow model, the factors of production are owned by _____. A) ﬁrms B) the government C) a few rich industrialists D) households
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Question

Quizplus · Accepted Answer

In the circular flow model, the factors of production (such as labor, land, and capital) are owned by households. These households provide these factors to firms in exchange for income.

In the Circular ﬂOw Model, the Factors of Production Are