Question

Circular flow of income is :
(A) Production, Income and Expenditure
(B) Consumption and Production
(C) Firm and Industry
(D) All of the above​

Answer 1

Answer:

D) all of the above

Explanation:

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.