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Households and firms depend on each …

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Households and firms depend on each other in the circular flow of income. Justify the statement in case of two sector model

Posted by Tejan Kumar Sahu 3 years, 9 months ago

CBSE > Class 12 > Economics

1 answers

Deepanshu Jha 3 years, 9 months ago

Yes this statement is true household and firm depend on each other because household give land labour capital as well as entrepreneur and firm produce good and services by using factor service that is use by the household as a consumption purpose

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