kjpop98
kjpop98 kjpop98
  • 22-09-2020
  • Social Studies
contestada

what is the circular flow of income​

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k0kichi0ma
k0kichi0ma k0kichi0ma
  • 22-09-2020

Answer:

The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction.

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