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
Businesses are sellers of products.
Are sellers in labor market and buyers in the goods and services market
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
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)