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CBSE Class 12-commerce Answered

What is the circular flow of income and product?
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
answered-by-expert Expert Answer

The circular flow of income has the following aspects:

i. Real flow of income implies the flow of factor services from the household to the firm

ii. Flow of income across different sectors always implies the identity between payments and receipts

Answered by | 15 Apr, 2016, 04:30: PM
CBSE 12-commerce - Macroeconomics
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
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CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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