1- Please draw the circular flow diagram- in a closed economy- market (1).docx
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1. Please draw the circular flow diagram, in a closed economy, market economy without the active role of the government. Present the labels correctly, making sure the two types of individuals, the two types of markets and the two types of flows are represented. Now extend the circular flow diagram to include the government (with a greater role), the rest of the world (ROW), and the corresponding flows and markets. .
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