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Circular flow of economic activity?

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


Explain four sector model with circular-flow diagram?

explain with the help of diagram circular flow of income model in a four sector economy?


The movement of income from producers of goods and services to consumers and back to producers is known as the?

The movement of income from producers of goods and services to consumers, and back to the producer is known as the circular flow. Circular flow is generally shown in a circular flow chart or model.


What is the role for consumers and producers in a free market system?

A circular flow model


To which principle does circular flow refer?

The circular flow refers to a simple economic model which describes the reciprocal circulation of income between the consumers and producers. Thanks


The circular flow model of a mixed economy shows .?

what does a circular model of a mixed economy show


Draw a circular flow model of economics?

Draw and explain circular flow model


Why is the circular flow model important?

Total income in the economy must always equal total spending. :)


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.


Why is the circular flow model only a theory?

since there will be leakages from the circular flow


Why is circular flow model only a theory?

since there will be leakages from the circular flow


Circular flow refers to the economic model that describes which of the following?

mutual circulation of income between producers and consumers