Economy, asked by 4fikilemasombuka, 1 year ago

briefly describe the term circular flow

Answers

Answered by srirammukka2004

2

The circular flow of income is a neoclassical economic model depicting how money flows through the economy. In its simplest version, the economy is modeled as consisting only of households and firms. Money flows to workers in the form of wages, and money flows back to firms in exchange for products

Answered by starkhan12328

1

The circular flow of income is a neoclassical economic model depicting how money flows through the economy. In its simplest version, the economy is modeled as consisting only of households and firms. Money flows to workers in the form of wages, and money flows back to firms in exchange for product.
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