2jjvdbsj9p 2jjvdbsj9p

03-06-2024
Social Studies

Answered

According to the circular flow model of a free market economy, which of the
following is not provided by consumers?
A. Labor
○ B. Capital
C. Land
D. Wages
SUBMIT

Answer :

GinnyAnswer GinnyAnswer

03-06-2024

Final answer:

Consumers do not provide capital in the circular flow model of a free market economy.

Explanation:

In the circular flow model of a free market economy, consumers do not provide capital. They provide factors of production like labor to firms and receive wages in return. Capital is usually owned by firms, and consumers mainly contribute labor and consumption.

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