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प्रश्न
‘Circular Flow of Income’ - Define.
व्याख्या
उत्तर
- The circular flow of income is a model of an economy showing connections between different sectors of an economy.
- It shows flows of income, goods and services, and factors of production between economic agents such as firms, households, government, and nations.
- The circular flow analysis is the basis of national accounts and macroeconomics.
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Circular Flow of Income
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