explain the conditions of equilibrium with the help of injection & leakage
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The flow of national income will be in equilibrium when the injections are just equal to the leakages. If there is any difference between these two, then there will be fluctuations in the flow of income as there will be either expansion or contraction incircular flow...
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ᴛʜᴇ ꜰʟᴏᴡ ᴏꜰ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ᴡɪʟʟ ʙᴇ ɪɴ ᴇqᴜɪʟɪʙʀɪᴜᴍ ᴡʜᴇɴ ᴛʜᴇ ɪɴᴊᴇᴄᴛɪᴏɴꜱ ᴀʀᴇ ᴊᴜꜱᴛ ᴇqᴜᴀʟ ᴛᴏ ᴛʜᴇ ʟᴇᴀᴋᴀɢᴇꜱ. ɪꜰ ᴛʜᴇʀᴇ ɪꜱ ᴀɴy ᴅɪꜰꜰᴇʀᴇɴᴄᴇ ʙᴇᴛᴡᴇᴇɴ ᴛʜᴇꜱᴇ ᴛᴡᴏ, ᴛʜᴇɴ ᴛʜᴇʀᴇ ᴡɪʟʟ ʙᴇ ꜰʟᴜᴄᴛᴜᴀᴛɪᴏɴꜱ ɪɴ ᴛʜᴇ ꜰʟᴏᴡ ᴏꜰ ɪɴᴄᴏᴍᴇ ᴀꜱ ᴛʜᴇʀᴇ ᴡɪʟʟ ʙᴇ ᴇɪᴛʜᴇʀ ᴇxᴩᴀɴꜱɪᴏɴ ᴏʀ ᴄᴏɴᴛʀᴀᴄᴛɪᴏɴ ɪɴᴄɪʀᴄᴜʟᴀʀ ꜰʟᴏᴡ.
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