English, asked by itzyashrajput, 1 month ago

The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. ... The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction.

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Answered by nimaichandramondal20

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The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. ... The circular flow analysis is the basis of national accounts and hence of macroeconomics

Answered by Anonymous

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