History, 30.11.2021 14:00 Alohanikolas
Firms produce the goods and services used by households. That includes everything from packaged food to video games to dry cleaning. Households provide the factors for production that firms require. These factors include the workers who make, distribute, and sell goods and services. Factors of production also include the revenue that firms earn from consumer expenditures. That money comes from the income paid by firms, primarily in the form of wages. This flow of funds from firms to households back to firms creates an exchange that benefits both firms and households. When an economy is strong, jobs are created and livable wages are paid. This allows workers to spend more money, and the cycle continues.
–“The Circular Flow of Income”
How does consumer spending stimulate economic growth?
Consumer spending pays funds directly into households.
Consumer spending increases withdrawals from an economy.
Consumer spending allows firms to flourish and new businesses to develop.
Consumer spending prevents a factor that can be an obstacle to production.
Answers: 2
History, 21.06.2019 21:00
What do you think was a drawback to this method of calculating distance
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History, 21.06.2019 21:30
By the end of the 1800s, there was a change in the nature of the immigrants coming to the united states. immigration from northern europe—england, ireland, germany, and scandinavia—declined, while immigration from italy, russia, and austria-hungary grew. in fact, between 1900 and 1910, more than three-fourths of all immigrants came from these three countries. unfortunately, these countries were far removed england, the home of our founders, and the immigrants who came from them had a hard time adjusting to life in their new country.
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History, 22.06.2019 04:00
Which of the following was a bold new idea expressed in the declaration of indenpendnce?
Answers: 1
Firms produce the goods and services used by households. That includes everything from packaged food...
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