Circular Flow Model of a Market Economy

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Gold Jodie
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Joined: 03 July 2016
Country: Canada

Circular Flow Model of a Market Economy

Postby Gold Jodie » 01 March 2017

I'm currently a freshman that's taking microeconomics in effort to becoming a business major. My question is, how are households providing wages and rent, when they're the ones paying it. Isn't the firms providing the wages and rent via income in exchange for the labor provided by households? Sorry Still trying to understand all of this thoroughly.

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