answersLogoWhite

0

Circular flow diagram show the full cycle of a process. Very useful in describing natural systems (ecological/ hydrological), economic processes and financial systems. Not necessarily a closed system, as additional inputs and outputs beyond the boundaries of the described process may be included. Many links are available on the internet including Wikipedia.

User Avatar

Wiki User

16y ago

What else can I help you with?

Trending Questions
What is total market size for plumbing bathroom fixtures bath mirrors total spend consumer spend on bath mirrors and plumbing products? What best explains the effect international trade on American industries? Critically explain the financial and economic objectives of firms? What is the diffference between an economic internal rate of return - EIRR - and a financial internal rate of return - FIRR? What is the term that describes the spreading of materials money and human resources to get work done in the most economical and efficient manner? What is the fuel tank capacity for a 2000 Dodge Neon? What is the production function and types of production function? What nation had a government-controlled economy? What does specialization in a nation lead to? What industries grew explosively during the 1920? How faith can a manager place in a transfer price as a substitute for a market price in measureing a profit cener's performance? Where is the headquarters of economic and social council? Is boxed cereal a bulk gaining or bulk reducing industry? In this type of economy the government owns the basic means of production? A sole beneficiary of a will would expect to receive what? Why is the private sector more efficient than the public sector in terms of poverty reduction? Why do exchange rates exist? What is a 25 cents in 1889-2006 coin worth? How can the knowledge of astrochemistry benefit you and others in making informed decisions in the future? How many square yards of carpet are needed to cover a floor that is 696 square feet?