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词汇 Circular flow of income
分类 英语词汇 英语翻译词典
释义

Circular flow of income

英语百科

Circular flow of income

Basic diagram of the circular flow of income. The functioning of the free-market economic system is represented with firms and households and interaction back and forth.[1]
Model of the circular flow of income and expenditure
Representation of Cantillon's primitive circular flow model[5]
Tableau économique

The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. The flows of money and goods exchanges in a closed circuit and correspond in value, but run in the opposite direction. The circular flow analysis is the basis of national accounts and hence of macroeconomics.

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