Question
Fill in the missing word. Write only the number and the missing word. 3.1 Households are \( \ldots 3.1 .1 \) of the factors of production \( 3.1 .2 \ldots \) are buyers of factors of production which are converted into finished goods and receive \( \ldots 3.1 .3 \) in return. The government collects \( \ldots 3.1 .4 \) from both \( \ldots 3.1 .5 \) and \( \ldots 3.1 .6 \)
Ask by Long Potter. in South Africa
Feb 03,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
3.1.1 suppliers
3.1.2 firms
3.1.3 income
3.1.4 taxes
3.1.5 households
3.1.6 firms
Solution
3.1.1 suppliers
3.1.2 firms
3.1.3 income
3.1.4 taxes
3.1.5 households
3.1.6 firms
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3.1 Households are **providers** of the factors of production **they** are buyers of factors of production which are converted into finished goods and receive **income** in return. The government collects **taxes** from both **households** and **businesses**.
