Chapter 2 Macro Part I -- The Circular Flow Diagram | Educreations
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Chapter 2 Macro Part I -- The Circular Flow Diagram | Educreations
A simple model showing the flow of goods/services and money between households and firms in the economy. An Ecological Economics modification to the basic diagram to show the inflow of energy and other natural resources and the outflow of waste products; this modification avoids the suggestion that the economy is a self-sufficient perpetual ...
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