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What is exchanged for money in the circular flow?

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Anonymous

∙ 12y ago
Updated: 8/21/2019

goods and services

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Wiki User

∙ 12y ago
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Related Questions

Which way does money flow in the circular flow?

From the product market to households.


What is circular flow model for an open economy?

it is a flow that shows the flow of money openly


What does the flow of money determine in the circular flow model?

The allocation of resources. :P


What does the flow money determined in the circular flow model?

The allocation of resources. :P


What is the driving force behind the circular flow of the market economy?

Money


What happens when leakages are greater than injections?

if leakages are greater than injection the circular flow will be in disequilibrium because more money is leaving the circular flow


What does gross domestic product measure in circular flow diagram?

flow of money, total income, total expenditure


What are the leakages from the circular flow?

You have leakages from your circular flow.


In the circular flow of goods and services what does the government use money payment to provide?

Goods and services


What is the role for consumers and producers in a free market system?

A circular flow model


What diagram shows the movement of goods and services and money from firms to households and from households to firms?

Circular flow


Why is circular flow model only a theory?

since there will be leakages from the circular flow

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