The circular flow model shows that consumer goods and services produced by business firms are sold through
A)the product market.
B)the factor market.
C)the labour market.
D)the resource market.

Question

Quizplus · Accepted Answer

The product market is where goods and services produced by business firms are sold and purchased by individuals and households. The circular flow model shows that this is where the flow of money occurs from households to businesses in exchange for goods and services.

The Circular Flow Model Shows That Consumer Goods and Services