Question

. Draw circular flow diagram and explain the interaction between households and firms in resource   and goods and services market?​

Answer 1

Answer:

Households purchase goods and services, which businesses provide through the product market. Businesses, meanwhile, need resources in order to produce goods and services. Members of households provide labor to businesses through the resource market. In turn, businesses convert those resources into goods and services.

Answer 2

Answer:

There are over 30 phyla dedicated to invertebrates. Major invertebrate phyla that you should know include porifera, cnidaria, platyhelminthes, nematoda, mollusca, annelida, arthropoda, and echinodermata