Which actor in the simplified circular flow model is on the supply side of the goods market?

Question

Quizplus · Accepted Answer

Firms are on the supply side of the goods market, as they are the ones supplying goods and services to consumers (households) in exchange for payment. Households are on the demand side of the goods market, as they are the ones demanding goods and services from firms. Markets for factors of production represent the inputs needed by firms to produce their goods and services, and the government is a separate actor that can affect both the supply and demand side of the economy through policies and regulations.

Which Actor in the Simplified Circular Flow Model Is on the Supply