Explain the characteristics of the business and household unit of the model.© BrainMass Inc. brainmass.com March 4, 2021, 5:38 pm ad1c9bdddf
Business and Households
They are the basic decision-making units in the market economy. Firms are referred as the primary producing units in an economy; while households represent the consuming units. Also both units have people performing different functions ...
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