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%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket
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Draw, label and explain the circular flow model (cfm). include the following: firms, households, product market, and factor (or resource) market.who owns the productive resources? what are those resources? what payment does each type of resource earn? explain the two markets in the cfm and explain the roles that firms and household each play in the cfm.
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