Circular flow diagram,
Definition of Circular flow diagram:
A depiction of how money and products are exchanged within an economy. A circular flow diagram might be used by a business to show how a specific series of exchanges of goods, services and payments make up the building blocks of a given economic system of interest.
How to use Circular flow diagram in a sentence?
- The circular flow diagram was presented in the meeting to add a visual element to the presentation in hopes of increasing understanding.
- I had to take another look at the circular flow diagram to see if anything was different than the previous time I looked at it.
- Now, if you look closely at our circular flow diagram , youll see weve drawn a picture of a cute little piggy for the bribe outflows.
Meaning of Circular flow diagram & Circular flow diagram Definition