Question

Discuss circular flow of income with financial market in two sector economics​

Answer 1

Answer:

According to circular flow of income in a two-sector economy, there are only two sectors of the economy, i.e., household sector and business sector. Government does not exist at all, therefore, there is no public expenditure, no taxes, no subsidies, no social security contribution, etc.

Explanation:

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Answer 2

Explanation:

According to circular flow of income in a two-sector economy, there are only two sectors of the economy, i.e., household sector and business sector. Government does not exist at all, therefore, there is no public expenditure

The UK is a leading financial service centre, with the highest concentration of global financial institutions in the world.

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