What is the circular-flow modelnbspthere are two different, Business Economics

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What is the circular-flow modelnbspthere are two different

-What is the circular-flow model?

-There are two different loops in the circular-flow model. What is the difference between the two loops?

-Does the circular-flow model describe reality exactly?

-Describe one way that you or your family interacts in the factor/resource market.

-Describe one way that you or your family interacts in the product/goods and services market.

-Name one type of interaction not represented by the circular-flow model.

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