Watch The Circular Flow Model Households and Firms Households are individuals or groups of people living together.
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Watch The Circular Flow Model Households and Firms Households are individuals or groups of people living together. The 124 million households in the United States own the factors of production
—land, labor, capital, and entrepreneurship—and choose the quantities of these resources to provide to firms. Households also choose the quantities of goods and services to buy.
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