He is a professor of economics and ... ability to sell goods. The circular flow model is aptly named because funds tend to flow continuously between sectors. This diagram shows how money often ...

The Circular Flow Diagram has dominated economic thought for over a century ... But the economy is just too complex to grasp without some sort of simple, realistic model. Attempts to build such models ...

The circular-flow diagram’s greatest problem is, in fact, its circularity. While real-world economic analysis has a beginning, an ending, and ever-changing processes, the circular-flow diagram has no ...