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definition of circular flow of income

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definition of circular flow of income

    • Posted by Jatin Kalra 6 years, 3 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Bushra Ahsan 6 years, 2 months ago

    The circular flow means the unending flow of production of goods and services income and expenditure is an economy from one sector to another sector.

    0Thank You

    Radha Gupta 6 years, 2 months ago

    IT IS THE UNENDING FLOW OF THE ACTIVITIES OF PRODUCTION, INCOME GENERATION AND EXPENDITURE INVOLVING DIFFERENT SECTORS OF THE ECONOMY, PRODUCER'S AND HOUSEHOLDS IN PARTICULAR

    0Thank You

    Purva Bhardwaj 6 years, 3 months ago

    It is the flow of money(nominal flow) or actual goods (real flow) between household and firms in the form of factor payment and consumption expenditure for money flow and factor services and goods & services for real flow.

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