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THE CIRCULAR FLOW MODEL, circular-flow-diagram-in-economics-definition-and…

- - - - TO HOUSEHOLDS AND BACK
        
        AGAIN IN AN ENDLESS LOOP.
- - - - MODEL, THE ECONOMY
        
        CONSISTS OF TWO SECTORS:
        
        (1) HOUSEHOLDS
        
        (2) FIRMS.
  - - - SECTOR TO THE
        
        THREE-SECTOR MODEL
  - - - SECTOR TO THE
        
        TWO-SECTOR MODEL.
  - - - TO THE FOUR-SECTOR MODEL.
- - - - ARE REPRESENTED AS FLOWS
        
        OF MONEY, GOODS AND SERVICES, ETC.
        
        BETWEEN ECONOMIC AGENTS.