Outline four limitations of the circular flow of income.

      

Outline four limitations of the circular flow of income.

  

Answers


Kavungya
-It assumes there are only two sectors in the economy
-It assumes no savings and investments
-Assumes no government intervention
-Assumes a closed economy i.e. no foreign trade.
Kavungya answered the question on September 26, 2019 at 10:09


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