Question Solved1 Answer The Circular Flow Model of the Economy: What are the four general categories of economic resources that companies need? List each one.Using TD Bank provide an example of each type of resource. Carefully Analyse the Circular Flow Model of the Economy shown above! Which arrow shows the flow of goods and services? Why? Which arrow shows the flow of spending by households? Why? A А B Markets for Goods and Services B Firms Households с с D Markets for Factors of Production D

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  1. The Circular Flow Model of the Economy:
    1. What are the four general categories of economic resources that companies need? List each one.Using TD Bank provide an example of each type of resource.

Carefully Analyse the Circular Flow Model of the Economy shown above!

  1. Which arrow shows the flow of goods and services? Why?
  2. Which arrow shows the flow of spending by households? Why?

Transcribed Image Text: A А B Markets for Goods and Services B Firms Households с с D Markets for Factors of Production D
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Transcribed Image Text: A А B Markets for Goods and Services B Firms Households с с D Markets for Factors of Production D
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A. The four categories of economic resources are as follows. 1. Land 2. Labor  3. Capital  4. Entrepreneurship One example of Land resource is Land or any other natural resources. Water and forests are also an example of land resources. One example of Labor resource is workers who are deployed in different positions in the factories or operational processes. Factory supervisors, operators, and or Chefs working in the hotel, are all come und ... See the full answer