A circular flow model
Draw and explain circular flow model
what does a circular model of a mixed economy show
Are sellers in labor market and buyers in the goods and services market
Businesses are sellers of products.
A circular flow model
Draw and explain circular flow model
what does a circular model of a mixed economy show
Are sellers in labor market and buyers in the goods and services market
Businesses are sellers of products.
since there will be leakages from the circular flow
since there will be leakages from the circular flow
Taxation Imports Savings
The circular flow of economic activity shows the interdependency of firm and household decision making.TrueFalse TRUE
Government is added into the circular flow model of a mixed economy.
Government is added into the circular flow model of a mixed economy.
A simple circular flow model shows the flow of goods and services through the economy. It is basically a model that shows supply and demand in an economy.