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What is Circular Flow of Income Models Explained about?
LESSON 2: APPROACHES OF MACRO ECONOMICS and MODELS OF CIRCULAR FLOW OF INCOME Objectives: After studying this lesson, you will be able to understand • • • • • • Different economic approaches in an economy Various macro economic variables in an economy The definition of Circular flow of income and expenditure The distinction between money and physical flows The Circular flow of income and expenditure under different sector models The importance of circular flows under different sector models 2.
- Author
- Appan Kandala Vasudevachary
- Language
- EN