CBSE BOARD XII, asked by adityasen0408, 8 months ago

Discribe briefly the circular flow of income in a 2 sector of economy with the help of suitable diagram

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Answered by royniraj17

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Explanation:

Two-sector model

In the basic two-sector circular flow of income model, the economy consists of two sectors: (1) households and (2) firms. ... The factor owners (households), in turn, spend all of their income on goods, which leads to a circular flow of income.

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Discribe briefly the circular flow of income in a 2 sector of economy with the help of suitable diagram​

Answers

Discribe briefly the circular flow of income in a 2 sector of economy with the help of suitable diagram