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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are the 2 Types of Flow in the Circular Income Diagram?

Author: eric_galvao



Answer:

-Physical Flow [Straight Arrows] of the 'Real Things' so the Labour, Land and Capital from Households, and Goods and Services from the Firms -Monetary Flow [Curved Flow] - The Money that Pays for the Physical Things


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-Physical Flow [Straight Arrows] of the 'Real Things' so the Labour, Land and Capital from Households, and Goods and Services from the Firms 
-Monetary Flow [Curved Flow] - The Money that Pays for the Physical Things
1 answer(s) in total