What is meant by the circular flow of income?
Asked by Topperlearning User
5th June 2015,
9:02 AM
Answered by Expert
Answer:
The circular flow of income refers to the unending flow of activities such as production, income generation and expenditure, involved in all the sectors of the economy.
Answered by Expert
5th June 2015,
11:02 AM
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- 1 Meaning and Definition of Economics
- 2 Basic Problems of an Economy
- 3 Types of Economies
- 4 Characteristics of the Indian Economy
- 5 Globalisation
- 6 Consumer Awareness
- 7 Basic Economic Entities in an Economy
- 8 Main Sectors of Indian Economy: Agriculture
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