secret .. wlang clue..XD
True
truetrue
*it enables the circular flow of economy
production
The three phases of circular flow of income are; 1.production of goods and services 2.distribution or generation of income and 3.expenditure or disposition of income
*it enables the circular flow of economy
truetrue
True
production
The three phases of circular flow of income are; 1.production of goods and services 2.distribution or generation of income and 3.expenditure or disposition of income
You have leakages from your circular flow.
Firms use the factors of production to create capital and dividends.
A circular flow model
Quick!....since its a continuous movement of items through the production process.
since there will be leakages from the circular flow
since there will be leakages from the circular flow
Circular flow means the pattern in which goods,services,and resources flow in the marketplace.