Question

write two types of circular flow? class12​

Answer 1

Answer:

The first is in a closed economy, where there are just households and firms present and thus no exchange between the two in terms of spending and transfer of goods and services. The second is in an open economy, where leakages (spending by households) and injections into the economy (externally derived income).

Hope it helps !!!

Please mark as brainliest answer !!!

Answer 2

Answer:

$\huge{\fbox{\fbox{\bigstar{\mathfrak{\red{Answer}}}}}}$

..________________________..

$✝︎165✝︎$

Explanation:

There are two types of circular flow. Money Flow- The Money flow refers to the flow of factor payments from firm to household for factor services. Similarly, the flow of consumption expenditure from household to firm for the purchase of goods and services manufactured by the firm.