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What are circular flow models?
Circular flow models is a simple economic model illustrating the flow of goods and services though the economy.
Expert answered|selymi|Points 14816|
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Asked 5/12/2014 8:21:54 AM
Updated 1/11/2015 11:24:58 AM
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This answer has been confirmed as correct and helpful.
Edited by yumdrea [1/11/2015 11:24:57 AM], Confirmed by yumdrea [1/11/2015 11:24:58 AM]
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Questions asked by the same visitor
what is a fixed cost in economics
Question|Asked by mscass28
Not Answered
Updated 5/12/2014 11:53:49 AM
1 Answer/Comment
In economics, fixed costs, indirect costs or overheads are business expenses that are not dependent on the level of goods or services produced by the business.
Added 5/12/2014 11:53:49 AM
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