In a simple economy, the circular flow between firms and households in terms of factor payments and services also represents as. Option 1: Goods and Services Market. Option 2: Factors of Production Market. Option 3: Product Market. Option 4: Financial Market.

The answer is 'Factors of Production Market.'. View full solution:

CUET Economics - In a simple economy, the circular flow between firms and households in terms of factor payments and services also represents as. | PYQs + Solutions

CUET Economics 2025 3 June Shift 2

Macro

Medium

Goods and Services Market.

Factors of Production Market.

Product Market.

Financial Market.

✅ Correct Option: 2