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  • Flow of Money As Payment For Two Sectors

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    beatriceannbaruc
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    Households provide land, labor, capital and entrepreneurship to business firms in exchange for wages, rent, interest and profit. Business firms use these factors of production to produce goods and services, which they sell to households in the market for finished products in exchange for income. This flow of money between households and business firms totals ₱40 million.

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    Flow of Money as Payment for Two Sectors

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    Households provide land, labor, capital and entrepreneurship to business firms in exchange for wages, rent, interest and profit. Business firms use these factors of production to produce goods and services, which they sell to households in the market for finished products in exchange for income. This flow of money between households and business firms totals ₱40 million.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    Flow of Money As Payment For Two Sectors

    Uploaded by

    beatriceannbaruc
    Households provide land, labor, capital and entrepreneurship to business firms in exchange for wages, rent, interest and profit. Business firms use these factors of production to produce goods and services, which they sell to households in the market for finished products in exchange for income. This flow of money between households and business firms totals ₱40 million.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Flow of Money as Payment for Two Sectors

    (Household and Business Firms)

    Consumption
    Households
    Land, Labor,
    Capital, Entrepreneur

    Market for Market for


    Finished Factors of
    Products Production

    Goods and Services


    Income Business Firms
    Profit, wages, rent, interest
    ₱40 million

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