Ancient Chinese Sports >>>
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circular flow of income
Model that describes how money and resources flow round the economy. In a simple circular‐flow model where there is no government and no foreign trade, money spent on consumer goods flows from households to companies, while money spent on wages, rents, interest, and profits flows from companies to households. Changes in the size of injections and leakages from the circular flow will cause the level of national income to change.
From the Hutchinson Encyclopedia of World History. © Research Machines plc [2006] All Rights Reserved, Helicon Publishing is a division of Research Machines.
1776: United States declares independence
After a decade of economic conflict with Great Britain, the 13 colonies answer King George III's... More >
After a decade of economic conflict with Great Britain, the 13 colonies answer King George III's... More >
Ancient Chinese Sports
Catapulting viewers into a sporting world that few knew existed, a world that thrived centuries... More >
Sat 4 Jul 9.00pm |
The Plague (Part 2 of 2)
In 1437, the worst biological disaster in history swept... More >
Sat 4 Jul 10.00pm |