Firms use the factors of production to create capital and dividends.
Draw and explain circular flow model
real flow of economics activities
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
A circular flow model
what does a circular model of a mixed economy show
Draw and explain circular flow model
real flow of economics activities
Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income
A circular flow model
what does a circular model of a mixed economy show
since there will be leakages from the circular flow
since there will be leakages from the circular flow
Taxation Imports Savings
circular flow
Government is added into the circular flow model of a mixed economy.
Government is added into the circular flow model of a mixed economy.
A simple circular flow model shows the flow of goods and services through the economy. It is basically a model that shows supply and demand in an economy.