The circular flow of income defines the?

ECONOMICS
JAMB 1994

The circular flow of income defines the?

  • A. relationship between ends and means in the economic system
  • B. allocation of income to various members of the household
  • C. flow of goods, services amd money among the various micro-sectors of the economy
  • D. micro-economic relationships in economic analysis

Correct Answer: C. flow of goods, services amd money among the various micro-sectors of the economy



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