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What is circular flow of income? - Economics

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Question

What is circular flow of income?

Very Short Answer
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Solution

Circular flow of income refers to the continual circular movement of money and goods in an economy.

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Chapter 31: National Income and Circular Flow of Income - TEST QUESTIONS [Page 31.14]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 31 National Income and Circular Flow of Income
TEST QUESTIONS | Q A. 6. | Page 31.14
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