Question

explain circular flow of economic activities
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Answer 1

Answer:

The circular flow of economic activity is a model showing the basic economic relationships within a market economy. ... In the circular flow of the economy, money is used to purchase goods and services. Goods and services flow through the economy in one direction while money flows in the opposite direction.

Answer 2

Explanation:

The circular flow of economic activity is a model showing the basic economic relationships within a market economy. ... In the circular flow of the economy, money is used to purchase goods and services. Goods and services flow through the economy in one direction while money flows in the opposite direction.