olumn A 1. __ Circle Flow Chart has how many markets? 2 cm Which markets are a part of the flow? 3. __ The Product Market sells __ 4 __ Goods and Services are produced by __ 5 __ Goods and services are sold to 6 __ Upon receiving the good or service what do households give to businesses? 2. __ What 4 concepts make up the Factor Market? B. __ Factor Market? Where do the resources CELL-come from in the 9 __ Households provide businesses with __ in the facter market 10 __ In exchange for their labor or resources, business provide households with __ Column B a. Business/Firms b. Households/Individuals C. Factor and Product d. Money e. Labor and/or Resources f. Money/paycheck/selary or rent 9. Capital, Entrepreneurship. Land and Labor or C.ELL h. Goods and Services Two

## Step 1<br />The first part of the problem involves understanding the circular flow chart in economics. The circular flow chart is a simplified representation of the economy that shows the flow of money and goods between households and businesses.<br /><br />## Step 2<br />The circular flow chart consists of two main markets: the product market and the factor market. The product market is where goods and services are sold, while the factor market is where resources such as labor, capital, and land are sold.<br /><br />## Step 3<br />Households provide labor and resources to the factor market. In return, businesses pay households money in the form of wages, salaries, rent, or profits.<br /><br />## Step 4<br />The four concepts that make up the factor market are capital, entrepreneurship, land, and labor. These are the resources that households provide to businesses.<br /><br />## Step 5<br />In the factor market, households provide businesses with labor and resources. In return, businesses provide households with money in the form of wages, salaries, rent, or profits.