Circular Flow Model: Four sector diagram (Open Economy). Explained in 10min
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Circular Flow Model: Four sector diagram (Open Economy). Explained in 10min
Circular Flow Model: Four sector diagram (Open Economy). Explained in 10min. We define it as continuous flow of spending, production and income between different sectors of economy. The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for ...
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