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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.
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What do 2 loops in the circular flow diagram represent?
The flow of goods and the flow of services.
Explain four sector model with circular-flow diagram?
explain with the help of diagram circular flow of income model in a four sector economy?
If goods and services flow clockwise in a circular economic flow diagram then consumption expenditures flow.....?
Counterclockwise and revenues flow counterclockwise.
What does gross domestic product measure in circular flow diagram?
flow of money, total income, total expenditure
What does a circular-flow diagram show?
Total expidenture should equal total income
What do 2 loops in the circular flow diagram represent?
The flow of goods and the flow of services.
Explain four sector model with circular-flow diagram?
explain with the help of diagram circular flow of income model in a four sector economy?
If goods and services flow clockwise in a circular economic flow diagram then consumption expenditures flow.....?
Counterclockwise and revenues flow counterclockwise.
What does a circular-flow diagram?
Total expidenture should equal total income
What does gross domestic product measure in circular flow diagram?
flow of money, total income, total expenditure
What does a circular-flow diagram show?
Total expidenture should equal total income
In the circular flow diagram households?
Make consumption expenditures and receive goods and services.
What diagram shows the movement of goods and services and money from firms to households and from households to firms?
Circular flow
In the circular flow of goods and services what does the product market represent?
all the exchanges of goods && services
In the circular flow of good and services what does the product market represent?
all the exchanges of goods && services
What is the expanded circular flow model of the economy?
The circular flow model of the economy is a conceptualization of the basic flows of income and spending in the economy during a given period of time. It is usually depicted on a diagram, which can be viewed at the Related Link.
In terms of the circular flow diagram businesses obtain revenue through the market and make expenditures in the market?
Resource; Product
