Economy, asked by deepusiva2018, 9 months ago

Briefly explain the two sector circular flow model?

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Answered by Anonymous

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The circular flow model in the two-sector economy is a hypothetical concept which states that there are only two sectors in the economy, household sector and business sector (business firms). The household sector is the source of factors of production who earn by providing factor services to the business sector.

Answered by bhumika14133

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