Question
As far as Circular flow of income is considered,
Two-sector Model is considered as the basic Model. Who among the following are party to the Model? I- Households II- Firms III- Government IV- Rest of the WorldSolution
Circular Flow of Income in a Two-Sector Economy It is defined as the flow of payments and receipts for goods, services, and factor services between the households and the firm sectors of the economy.
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