flow model

What Are The Three Flows Shown In The Circular Flow Model?

by

What Are The Three Flows Shown In The Circular Flow Model? There are three different phases in circular flow of national income, viz. production, income and expenditure. They represent three related aspects, namely, production (i.e., generation of income), distribution (of income) and disposition (of income, i.e., expenditure). What are the 3 major flows in the

What Is The Circular Flow Model In Economics?

by

What Is The Circular Flow Model In Economics? The circular flow model shows the interaction between two groups of economic decision-makers—households and businesses—and two types of economic markets—the market for resources and the market for goods and services. What is circular flow model with example? In a circular flow diagram, households consume the goods offered