Answer to Question #288582 in Microeconomics for Precious

Question #288582

According to the circular flow what is the reason for the three key sectors to work together

1
Expert's answer
2022-01-18T15:12:23-0500

The basic purpose of the circular flow model is to understand how money moves within an economy. The three-sector model includes (1) households, (2) firms, and (3) government.


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