The Circular Flow of Income and Expenditures

Watch this lecture on the circular flow of income and expenditures in a closed economy. Note that goods and services are exchanged in product markets, and factors of production are exchanged in factor markets.

 

Source: Khan Academy, https://youtu.be/Hfz1bwK5C4o
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Last modified: Monday, May 13, 2024, 1:25 PM