One of the models we use to understand economy is a Circular Flow Diagram. Sketch a Circular
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One of the models we use to understand economy is a “Circular Flow Diagram”. Sketch a Circular flow model and explain the flow of money and flow of goods and services and factors of production caused by the following activities.
Kaleem pays a shopkeeper Rs.150 for a liter of milk.
Mustaqeem while working at a fast-food restaurant earns Rs.500 per hour.
Sana spends Rs.500 on a haircut.
Mustafa receives Rs.200,000 from his 10 percent ownership of Salman Chemicals Ltd
Related Book For
Managerial Economics and Strategy
ISBN: 978-0321566447
1st edition
Authors: Jeffrey M. Perloff, James A. Brander
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