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Which term can be used to fill in all of the blanks on the circular flow diagram below? Households purchase goods and services from business
Which term can be used to fill in all of the blanks on the circular flow diagram below? Households purchase goods and services from business firms. Business firms sell goods and services to households. Product Market Firms earn Households sales revenue pay for goods and services Firms sell Households goods and buy goods services and services Business Firms Households Firms buy Households sell Firms pay for Households earn income Market Firms purchase land, labor, capital, and entrepreneurship from owners. As owners, households earn rent, wages, interest, and profit from business firms. O firm or firms O household or households O resource or resources O product or products
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