Question

What do you mean by a circular diagram? Present the data on expenditure of

a labour family in theform of circular diagram? (4)

Items of Expenditure Food Clothing Housing Fuel and Light Other

Percentage of Income 65 15 12 5 3

spent​

Answer 1

Answer:

The circular flow diagram represents the organization of an economy in a simple economic model. This diagram contains households, firms, markets for factors of production and markets for goods and services. ✌✌

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Explanation:

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Answer 2

Answer:

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