Who Are The Main Role-players In The Economy? The role-players in the economy include households, business, government and the foreign sector. These participants are involved in the processes of production, consumption and exchange. Who are the players of the economy? The circular flow model illustrates the economic relationships among all players in the economy: households,
What Do Prices Reflect In Economics? Economic price theory How does scarcity affect price? In a free market, it can be expected that the price will increase to the equilibrium price, as the scarcity of the good forces the price to go up. When a product is scarce, consumers are faced with conducting their own
What Are The 3 Main Economic Groups? consumers, producers and government are the main economic groups. the interactions between the main economic groups. Who are the 3 main role players in the economy? The role-players in the economy include households, business, government and the foreign sector. These participants are involved in the processes of production,