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Definition of

circular flow of income


model of relationship between income and spending a model of a country's economy showing the flow of resources when consumers' wages and salaries are used to buy goods and so generate income for manufacturing firms

Definitions of ’circular flow of income’ and meaning of ’circular flow of income’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’circular flow of income’ and other financial terms with our online QFINANCE Financial Dictionary.

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