In the circular-flow model, the markets for goods and services, as in the markets for the factors of production, households are buyers and firms are sellers.

Name: In the circular-flow model, the markets for goods and services, as in the markets for the factors of production, households are buyers and firms are sellers.
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In the circular-flow model, households are buyers in the markets for goods and services, but they are sellers in the markets for the factors of production, where firms are the buyers.

In the Circular-Flow Model, the Markets for Goods and Services