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laiz [17]
3 years ago
9

What is the best definition of the circular flow of income?

History
1 answer:
IRISSAK [1]3 years ago
7 0

The correct answer is the exchange of money between firms and households

Explanation: Is a model used to explain economics. Shows the flow of economic activity in diagrammatic format, which includes a financial flow.

It explains the situation of economy.

Represents the flows of money between the two main groups in society, producers and consumers.

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