Question

C) Give economic terms:
(05) 1. The year with which the changes are measured.

2. The process whereby an economy’s money receipts and payments flow in a circular manner continuously through time.

3. Functions of the government which aim at protection from external attacks, maintain internal law and order.

4. An organization which acts as a link between the investor and the borrower to meet the financial objectives of both the parties.

5. Systematic record of all international economic transactions of a country during a given period, usually a year.

URGENT....​

Answer 1

Answer:

What Is the Circular Flow Model?

The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money.