Question

Households are an essential part of the circular flow of goods because:
A. businesses rely on households to create new product markets.
B. households produce services that cannot by supplied by
businesses.
C. businesses could not make a profit without revenue from
households.
D. households are the main source of natural resources in an
economy.
SUBMIT

Answer 1

Answer: it’s c‍♂️

Explanation:

Because the person who gave me the answer was wrong and the test just told me C

Answer 2

The reason why Households are so important in the circular flow of goods is that C. businesses could not make a profit without revenue from households.

What is the role of households in the Circular flow model?

Households are important for several reasons with one of them being that they supply labor to businesses.

Perhaps more important to those same businesses however, is that households are the ones who buy goods and services from businesses and provide them with revenue and profit.

Find out more on the Circular Flow Model at https://brainly.com/question/3192891.