Question

Which-are the two sectors of circular flow of income model?

Answer 1

Answer:

In the basic two-sector circular flow of income model, the economy consists oftwo sectors: households and firms. ... The firms then spend this all of this income on factors of production such as labor, capital and raw materials, "transferring" all of their income to the factor owners (which are households)

Explanation:

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Answer 2

Answer:

Two sectors of Circular flow of income are :

1. Household sector
2. Business sector