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Unformatted text preview: inputs into the firms through revenue. I own a piece of land rent it to a firm. That firm pays me rent (income) and I use that income to buy goods and service that the firm has used the piece of land to produce. They take that money and hire someone who uses that money to spend on goods and services that the firm has hired someone to perform....
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This note was uploaded on 04/24/2008 for the course ECON Intro-micr taught by Professor Alexander during the Spring '08 term at University of Houston.
- Spring '08