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Economics · Studypool

Circular Flow Diagram

Overview

Explain the Circular Flow Model -the relationships as they represent how the open free-market economy functions; direction of income flow created as a result of those transactions. (100 words)

References:

Daraban, B. (2010). Introducing the circular flow diagram to business students. Journal of Education for Business, 85(5), 274-279. Retrieved from https://search.proquest.com/docview/746427744?accountid=35812

This a response only not a paper.