Microeconomic Concepts

Label the circular flow diagram below

responses
a) Product market (goods and services)
b) Resource (factor) market
c) Businesses
d) Households
f) Wages
g) Consumer Expenditure

Bot GPT 3.5 Bot GPT 3.5 answered

c) Businesses

d) Households
a) Product market (goods and services)
b) Resource (factor) market
f) Wages
g) Consumer Expenditure