Circular Flow Diagram in Economics: Definition & Example ... from study.com You can edit this cycle diagram using creately diagramming tool and include in your use creately's easy online diagram editor to edit this diagram, collaborate with others and export results to multiple image formats. An example of an injection would be households in japan purchasing pens and pencils from firms in the united states. Data flow diagrams visually represent systems and processes that would be hard to describe in a chunk of text.
You can edit this cycle diagram using creately diagramming tool and include in your use creately's easy online diagram editor to edit this diagram, collaborate with others and export results to multiple image formats.
In economics, the circular flow diagram represents the organization of an economy in a simple economic model. Circular diagrams can be used in many different situations, for example if you need to show a flow diagram in your organization or business presentations. For example, circular flow diagrams are used in economics to demonstrate how the money flows and explain how market economy works. The most known is the flowchart, often also called flow diagram but there are more different kind of flow diagrams.
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