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Card 1 of 25

In the simple circular flow, what do households supply to firms?

A

Households supply consumer spending.

B

Households supply factors of production.

C

Households supply factor incomes.

D

Households supply goods and services.

Card 1 of 25

Circular flow of income Flashcards

  1. A Level
  2. /Economics
  3. /Circular flow of income

25 flashcards on OCR A Level Economics Circular flow of income: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards