0
What is the significance of the circular flow of money in Nigerian economy?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the driving force behind the circular flow of the market economy?
Money
What is circular flow model for an open economy?
it is a flow that shows the flow of money openly
What is the significance of hosting the rugby world cup What is your perspective?
It's pretty cool and brings lots of money into the economy
What does an increase in money supply do to the AD curve?
An increase in the money supply means that more money is entering the circular flow of income; these two things are one and the same. More money being in the circular flow of income will increase demand in the economy as people within it have more money to spend. However, this pressumes that during this circular multiplier process no money is leaked from the economy; someone within the circle may choose to save some of it. This will eventually result in the AD curve being shifted to the right, showing an increase in income (y) and an increase in price (p).
What is Money economy?
money economy is an economy money
What does the circular flow diagram represent?
Economists use a circular flow model to highlight basic fetures of a market economy. The model shows how voluntary exchange between households and businesses answer the economy's "who" "how" and for whom questions and create a nexessary flow of money products and resources to help satisy wants.
The circular flow of a market economy also assumes that consumers spend all their money on goods, services, and consumptions. This means that there is no _________ on the part of the consumer.?
Saving
What is Nigerian money called?
Naira is the name of the Nigerian money unit.
In the circular flow of goods and services what does the resource market represent?
all the exchanges of goods and services in an economy
What role do people play in the economy?
The primary participants in the circular flow of goods and services are businesses and households. Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same--
What is a money economy and a no money economy?
when u have money for devoloped annd not
Law in the Nigerian context?
How much money have u got????
