Answer:
People in households buy goods and services from businesses in an attempt to satisfy their unlimited needs and wants.
Explanation:
Households also sell their labor, land, and capital in exchange for income that they use to buy goods and services that firms produce.
Answer:
A runner buys a new pair of athletic shoes.
Explanation:
Households purchase goods and services, which businesses provide through the product market.
Source:
https://colors-newyork.com/what-is-the-role-of-the-household-in-the-circular-flow-model/#:~:text=What%20is%20the%20role%20of%20the%20household%20in,provide%20labor%20to%20businesses%20through%20the%20resource%20market.
