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The Circular Flow Model
Market:
Resource Market:
Product Market:
Businesses and households are both buyers and sellers;
Trade between Resource and Product: CIRCULAR FLOW
Limitations of the Circular Flow Model:
Resource Market:
Product Market:
Businesses and households are both buyers and sellers;
Trade between Resource and Product: CIRCULAR FLOW
Limitations of the Circular Flow Model:
welkerjason |
Latest page update: made by welkerjason
, Aug 26 2008, 4:55 AM EDT
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