5.2 Study the diagram below that represents the economic c…
5.2 Study the diagram below that represents the economic cycle. Fill in the missing words. (4) CLICK HERE TO OPEN THE DIAGRAM IN A NEW TAB: Households are the consumers of and the owners of the . Households buy their necessities at and this is called consumer spending. Businesses buy the factors of production such as e.g. labor in households and pay them in the form of .