Circular flow of income

 

 

 

Circular flow of income

 

Glossary of business

 

Definition of circular flow of income

 

The circular flow is the flow of income and expenditure between consumers and firms. Expenditure on goods and services flows from consumers to firms and income (as a payment to the factors of production) flows from firms to consumers.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of circular flow of income

 

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Meaning of circular flow of income

 

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What does circular flow of income mean ?

 

 

 

 

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