answersLogoWhite

0


Best Answer

To provide all the factors of production to resource markets.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the role of households in the economic cycle?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which of the four types of decision makers in the US economy plays the largest role?

Households play the largest role as economic decision makers.


Which social and economic group are most vulnerable to poverty in India?

SOCIAL GROUPS: SCs and STs households ECONOMIC GROUPS: rural agricultural labor households and the urban casual households


What are 2 examples of microeconomics?

The economic behavior of households and firms.


What has the author Jos N M Klaus written?

Jos N. M Klaus has written: 'Huishoudensontwikkeling en inkomensverandering' -- subject(s): Economic aspects, Economic aspects of Households, Households, Income


What has the author Jannie Poelstra written?

Jannie Poelstra has written: 'Luiden van een andere beweging' -- subject(s): Domestics, Economic aspects, Economic aspects of Households, Employment, History, Households, Women


Which economic institution owns the factors of production in a market economy?

communism households


What has the author Ghulam Mohammad Arif written?

Ghulam Mohammad Arif has written: 'Remittances and investments at the household level in Pakistan' -- subject(s): Economic aspects, Economic aspects of Households, Emigrant remittances, Households, Investments


What is the Role of the households in the economy?

households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..


What has the author Harm tho Seeth written?

Harm tho Seeth has written: 'Russlands Haushalte im Transformationsprozess' -- subject(s): Economic aspects, Economic aspects of Households, Households, Income distribution, Poverty, Social service


Role of foreign sector in economic cycle?

The Role of the Foreign Sector in the Economic Cycle The foreign sector is when a country cannot satisfy their needs effectively between the closed economy: households, businesses and the government. Countries then convert to an open economy to satisfy their needs effectively. To solve the problem that the country is having they have to trade with other countries to gain a strong economy so that they will be able to satisfy the needs of their people. When countries trade they do not have to rely solely on their own resources because they can sell it and gain other resources form the different countries. Some countries may not have good access to resources so they will not be able to use the foreign sector effectively.


What is businesses cycle?

Answer is: [A recurring cycle of booms and busts, recoveries and recessions] (Go Apex Kids;)Business cycle (trade cycle) refers to the fluctuations in economic activities due to the changes in the economic variables like employment, income, output, prices etc.The definition of a business cycle is " a cycle or series of cycles of economic expansion and contraction."a period of economic growth followed by economic contraction (gp)


In a market economy who makes the decisions that guide most economic activity?

firms and households