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The circular flow in an open economy

The circular flow in an open economy

Circular flow of income in an open economy with households and firms linked by factor services, factor incomes, consumer expenditure, goods and services, plus injections and withdrawals labelled The circular flow shows how income moves between households and firms. Households supply factor services to firms and receive factor incomes in return.

2.4.2 Injections and withdrawals Lesson

  1. A Level
  2. /Economics
  3. /2.4.2 Injections and withdrawals