Circular Flow Chart Quizlet

Learn circular flow chart with free interactive flashcards. Primarily it looks at the way money goods and services move throughout the economy. The circular flow diagram offers a simple way of organizing all the economic transactions that occur between households and firms in the economy.

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The circular flow diagram is a basic model used in economics to show how an economy functions.

Circular flow chart quizlet. Learn vocabulary terms and more with flashcards games and other study tools. The inner loop of the circular flow diagram represents the flows of goods and services between households and firms. Choose from 500 different sets of circular flow chart flashcards on quizlet. Households all individuals in the economy that provide firms with productive resources in exchange for income.

Start studying macroeconomics circular flow chart. Learn vocabulary terms and more with flashcards games and other study tools. Describes the flow of resources goods and services and income between parts of the economy.