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stiks02 [169]
3 years ago
9

What is the circular flow of income​

Social Studies
1 answer:
JulsSmile [24]3 years ago
4 0

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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