Which of the elements of this scenario represent a flow from a household to a firm? this could be a flow of dollars, inputs, or outputs.

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22-08-2022
Business

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Which of the elements of this scenario represent a flow from a household to a firm? this could be a flow of dollars, inputs, or outputs.

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rafikiedu04 rafikiedu04 · Answer 1 · 2022-08-27T16:16:54+02:00

The $425 per week Andrew earns working for Spotless Car Wash, The car wash Beth receives in this scenario represents a flow from a household to a firm.

A household is defined by the US. The Census Bureau defines as all individuals occupying a single residential unit, regardless of their relationship with each other. Household definition refers to family or social units living together or related to household conduct You and your family members who live with you are an example of your household. Budgets and checkbooks are examples of household budget tools.

Households sell land, labor, capital, and entrepreneurship for money. In this case, it is called income. Households are buyers in the market for goods and services. Households exchange their income for goods and services. Businesses are sellers in the market for goods and services.

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