Circular flow of income
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5 Terms
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what is the circular flow of income
an economic model showing the flow of goods and services , the factors of production and payments between households and firms within an economy
2
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what is enterprise
the leading, planning ideas for production
3
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what is injection
money going in
etc. investments, gov spending and exports
4
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what is a withdrawal
it is money going out
for example, savings, taxes and imports
5
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what is net injection
when more money is going in than going out which is good for economic growth
Note 
Flashcards (39)