what do you mean by circular from of income?explain them
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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 flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction.
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it's a type where the major exchanges like exchange of money ,good, service and etc..
between economic agents. The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction.
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