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Wages private goods - PowerPoint PPT Presentation

INTERDEPENDENCE & THE CIRCULAR FLOW MODEL

INTERDEPENDENCE & THE CIRCULAR FLOW MODEL. What are the 3 major sectors of the economy?. Households Businesses Government. What are the 4 Productive Resources?. Land (natural resources) Labor (human resources) Capital (Tools, equipment, buildings) Entrepreneurship (New business

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Wages private goods - PowerPoint PPT Presentation

INTERDEPENDENCE &amp; THE CIRCULAR FLOW MODEL

INTERDEPENDENCE & THE CIRCULAR FLOW MODEL