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)
A circular flow 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)
A circular flow model
what does a circular model of a mixed economy show
Draw and explain circular flow model
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.
You need to think about all the forces that act on each relevant objects. Then you draw arrows to represent those forces.
since there will be leakages from the circular flow
since there will be leakages from the 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.
Witness marks.