Briefly explain the three distinct components of economies
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Three distinct components of economics are consumption, production and distribution. ... GDP is distributed among the agents (factors) of production in the form of wages/salaries, profits, interests and rents.
Answered by
1
Explanation:
Three distinct components of economics are consumptions, production and distribution........ GDP is distributed among the agents of production in form of wages/ salaries, profit , interest and rate
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