Please it is simple question write in your own words Q-1(B). Explain the simple modelof circular flow of income andexpenditure

This model shows us the connection between the two(2) sectors of an economy, namely household and…

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Q-1(B). Explain the simple model of circular flow of income and expenditure

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter18: Income Distribution And Poverty

Section: Chapter Questions

Problem 4QFR

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Please it is simple question write in your own words

Q-1(B). Explain the simple model
of circular flow of income and
expenditure

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