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notes in depely of introduction
- College aantekeningen • 7 pagina's • 2024
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- €8,01
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Q: Circular flow of income in a two sector economy is based on the axiom that one’s expenditure is other’s income’. 
Do you agree with the given statement? Support your answer with valid i agree with the statement 
 
Explanation: 
 
In a two sector economy the firms produce goods and services and make factors payments to the households. The factor income earned by the households will be used to buy the goods and services which would be equal to income of firms. The aggregate consumption e...
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Economics
- Samenvatting • 3 pagina's • 2018
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- €4,29
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the notes are specially designed for the students of commerce and arts streams to help them to understand and learn the concepts of economics easily. If a positive response is given by the students i'll surely provide such notes for further as well.
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