Answer to Question #314596 in Microeconomics for Chanteey

Question

In the circular flow of income and spending in south africa , ___ firms in the factor market becomes ___ households, while ___ households in the goods market becomes ___ firms.

Answer 1

In the circular flow of income and spending in South Africa, income to firms in the factor market becomes income to households, while spending by households in the goods market becomes an injection to firms.