Circular Flow is one of the major methodologies in economics that represents the overall fiscal transactions in a system. Ideally, the model deals with the flow of money and other kinds of monetary assets related to a firm. Though, several modified versions of it are commonly used to represent the flow of tangible goods or products as well. There are different editions of it that depend on the presented data, statistics, laws, participating units, and more. Today, the model is considered as one of the core representations in economics and has made its presence count in almost every sector.
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