real flow of economics activities
explain with the help of diagram circular flow of income model in a four sector economy?
Businesses are sellers of products.
A circular flow model
the four economic models are as follows: two sector models three sector model four sector model five sector model
what does a circular model of a mixed economy show
explain with the help of diagram circular flow of income model in a four sector economy?
Government
Businesses are sellers of products.
A circular flow model
the four economic models are as follows: two sector models three sector model four sector model five sector model
what does a circular model of a mixed economy show
Draw and explain circular flow model
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
The circular flow model of a mixed economy shows how market systems work and how the business cycle occurs. It is made to help us understand how each sector of economy and how it flows together.
since there will be leakages from the circular flow