Find way to interacts in factor market-circular flow diagram
Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.
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In many cases, managers end up in trouble as they direct their focus exclusively on cost savings. Cost cutting is always emphasized,but other impacts, such as decreased quality, can be overlooked.
Using circular flow diagram, describe the way that your family interacts in factor market and way that it interacts in products market.
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What are the different phases of the consumer behavior process and how do they relate to each other?
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