Circular flow of income
- Created by: victoria laker
- Created on: 26-02-14 17:28
Fullscreen
- Shows the connections between different sectors of our economic system.
- Revolves around flow of goods and services and factors of production between firms and households
- Businesses produce goods and services and incomes are generated for factors of production.
Leakages, money which is not flowed between businesses directly.
- Put aside for future spending (bank account or other deposits)
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