Economy, asked by kulwinderynr2003, 1 month ago

Two sector model of an economy with financial system

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Answered by manasi3151

1

Answer:

The circular flow model in the two-sector economy is a hypothetical concept which states that there are only two sectors in the economy, household sector and business sector (business firms). The household sector is the source of factors of production who earn by providing factor services to the business sector.

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