flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
A circular flow model
what does a circular model of a mixed economy show
Draw and explain circular flow model
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
flow of money payments(Kaylop)Factor services ( From household to firms) &Goods & Services (From firms to households).[in a 2 sector economy)
A circular flow model
what does a circular model of a mixed economy show
Draw and explain circular flow model
since there will be leakages from the circular flow
since there will be leakages from the circular flow
Witness marks.
Government is added into the circular flow model of a mixed economy.
Government is added into the circular flow model of a mixed economy.
Taxation Imports Savings
what role do businesses that go to the market play in the circular flow model