Question

What does circular flow of income means????​

Answer 1

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⎇ it refers to cycle of generation of income in the production process, its distribution among the factors of production and finally, its circulation from Households to firms in the form of of consumption expenditure on goods and services produced by them.

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Answer 2

hey mate here's ur answer...........

Hope it helps u.......

The circular flow of income is a neoclassical economic model depicting how money flows through the economy. ... Money flows to workers in the form of wages and money flows back to firms in exchange for products......

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