Schematic representation of the organization of the economy

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In the circular-flow diagram, the schematic representation of the organization of the economy. Choose correct answer. please explain

a. firm are sellers in both the resource market and the product goods and service market.

b. firms are buyers in the product market and seller in the resource market.

c. firms are buyers in both the resource market and the household market

d. spending on goods and services flows form firms to households.

e. firm are buyers in the resource market and sellers in the product market.

Reference no: EM131000404

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