The circular flow diagram is an abstraction of the economy as a whole. The diagram ...
In this lesson, we will look at the basic circular flow diagram. We'll learn who the main actors are and what roles they play. We will also look at...
The circular-flow diagram (or circular-flow model) is a graphical representation of the flows of goods and money between two distinct parts of the economy:
Mar 7, 2011 ... In economics, the circular flow diagram represents the organization of an economy in a simple economic model. This diagram contains ...
Apr 4, 2008 ... I am supposed to make a circular flow diagram for a leasing firm (SME .... economy works is a circular-flow diagram.. thanks for share with us.
Understanding the flow of resources in the simplest possible economy.
Definition of circular flow diagram: A depiction of how money and products are exchanged within an economy. A circular flow diagram might be used by a ...