PLEASE EXPLAIN CIRCULAR FLOW OF INCOME – InterviewSolution

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1.	PLEASE EXPLAIN CIRCULAR FLOW OF INCOME
Answer» cular 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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