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Explain how the house hold and firm are both producers and consumers

Explain how the house hold and firm are both producers and consumers

Answers

Kavungya
- The household demands goods and services and supplies labour and raw materials to firms
- Firms convert the raw materials and supplies finished goods to households.
- The relationship generates money to both sides therefore both are producers and consumers.
Kavungya answered the question on March 28, 2019 at 05:58

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