Explain circular flow of economy


Describe how consumer,business,government and foreign sectors contribute to gross domestic product and economic growth.How can the economy bounce back quick from the recession?As we begin fleshing out the wheel of income and the national income accounting "snapshot,"we need to understand how consumer and business behave and why. How do these two relate to each other in the circular flow of economy and to the government sector and foreign components?How do all this fit on a wheel of income?

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Operation Management: Explain circular flow of economy
Reference No:- TGS090922

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