explain the circular flow of economy
Answers
Explanation:
Given :
Lateral surface area of cube = 2400 sq.m
To Find :
The surface area of cube
Solution :
Lateral surface area of cube is givem by ,
\begin{gathered} \\ \star \: {\boxed{\red{\sf{LSA_{(cube)} = 4 {s}^{2} }}}} \\ \\ \end{gathered}
⋆
LSA
(cube)
=4s
2
Here ,
s is side of the cube
We have ,
LSA = 2400 sq.m
Substituting the value we have in the formula ,
\begin{gathered} \\ : \implies \sf \:2400 \: {m}^{2} = 4 {s}^{2} \\ \\ \end{gathered}
:⟹2400m
2
=4s
2
\begin{gathered} \\ : \implies \sf \: \frac{2400 \: {m}^{2} }{4} = {s}^{2} \\ \\ \end{gathered}
:⟹
4
2400m
2
=s
2
\begin{gathered} \\ : \implies \sf \: 600 \: {m}^{2} = {s}^{2} \\ \\ \end{gathered}
:⟹600m
2
=s
2
\begin{gathered} \\ : \implies \sf \: s = \sqrt{600 \: {m}^{2} } \\ \\ \end{gathered
Answer:
The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money. ... For that reason, the model is also referred to as the circular flow of income model