2016 CSEC Economics (Section 5 - Financial Sector) Flashcards on reece circular flow of income, created by Nikolas Reece on 27/04/2016.
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Created by Nikolas Reece
about 8 years ago
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Close
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Created by Nikolas Reece
about 8 years ago
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The circular flow of income
factor services
factor income
money (income flow)
real flow
leakage or withdrawals
leakages or withdrawals from the 3 sectors
injections
injections from the three sectors
taxes
savings
5 factors affecting the level of savings in an economy
investment
circular flow of income diagram
importance of the circular flow of income
financial intermediary
financial services
