Homework SourseWhich of the element of this scenario represent a flow from
Which of the element of this scenario represent a flow from a household to a firm?
Which of the element of this scenario represent a flow from a household to a firm?
Solution
A flow from a household to a firm represents flow of dollars, input or, output from household to firm. For example- The $250 Sam spends to purchase air travel to Hawaii from Flyway airlines. It\'s a flow of $250 from household (Sam) to Firm (Flyway airlines).
Another example is Stella works in a company for more than 30 hours a week. Here, Stella\'s labor is the flow from households to firm.
