Essay
Where does profit enter in the circular flow? Why?
Correct Answer:
Verified
Profit is a payment made to entrepreneur...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Related Questions
Q47: In an economy, households receive a total
Q48: The measurement system used by the U.S.
Q49: Profits are part of the
A) total income.
B)
Q50: In the simple circular flow
A) businesses trade
Q51: In the simple circular flow model, total
Q53: Explain the concept of the circular flow.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents