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Circular flow model of the economy

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Reference no: EM132488574

The Circular Flow Model of the Economy:

a. According to the textbook, why are economic resources also called "Factors of Production"? Explain.

b. What are the four general categories of economic resources that companies need? List each one.

c. Using Tim Hortons provide an example of each type.

How can a country improve the quality of its human resources(labour)?

Reference no: EM132488574

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