Circular Flow Model Explained - Grade 12 Economics Exam Essay Preparation | Questions & Answers
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Circular Flow Model Explained - Grade 12 Economics Exam Essay Preparation | Questions & Answers
Definition of Circular Flow Model The Circular Flow Model is a simplified economic model that illustrates the inter-relationship between the economic participants. In other words, this Circular Flow Model illustrates how the economy works, and the relationship between production, income and expenditure, in relation to the interaction between ...
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