Outline four assumption used to explain the circular flow of income in a two sector economy

      

Outline four assumption used to explain the circular flow of income in a two sector economy

  

Answers


John
There are only two sector in the economy – firm and house hold

The house hold spent all their income on goods and service provided by the firms

The firms use all the income from sell of goods and services on payment

There is no government intervention
johnmulu answered the question on October 21, 2017 at 08:51


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