<P> The circular 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 . The circular flow analysis is the basis of national accounts and hence of macroeconomics . </P>
<P> The circular 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 . The circular flow analysis is the basis of national accounts and hence of macroeconomics . </P>
what is the circular flow of the economy
what is the circular flow of the economy
a model of the economy in which the major exchanges are represented as flows of money , goods and services , etc. between economic agents
a model of the economy in which the major exchanges are represented as flows of money , goods and services , etc. between economic agents