Economy, asked by varunjain11, 7 months ago

explain how income is flow​

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Answered by alsohabagban020
4

Answer:

the circular flow of income is a way of representing the flows of money between the two main groups in society - producers (firms) and consumers (households). ... Households sell their factor services to firms (in the factor markets) and in exchange receive wages (the left hand side of the flow).

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