What is the five sector circular flow model?
What is the five sector circular flow model? The five-sector model consists of (i) households (the public sector), (ii) businesses, (iii) government, (iv) the foreign sector, and (v) the financial sector. What is the 5 sector model? Thus, the five-sector model includes (1) households, (2) firms, (3) government, (4) the rest of the world, and … Continue reading What is the five sector circular flow model?
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