What is circular flow of income? .-.
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The circular flow of income or circular flow is model of the economy in which the major exchanges are represented as flow of money, goods and services etc between economic agents..
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The circular flow of income or circular flow is a model economy in which the major exchanges and respresented 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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