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Based on this model, households earn income when purchase in factor markets.
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Based on this model, households earn income when purchase in factor markets.

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The circular-flow diagram illustrates that, in markets for the factors of production,Households are sellers, firms are buyers.Based on this model, households earn income when firm purchase resources.

User Chethan Shetty
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Answer:

firms

labor & capital

Step-by-step explanation:

js did it and WAS MARKED WRONG THANKS TO SOMEONE GIVING ME THE WRONG ANSWER

User Mplungjan
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