Word Count : 487

---

In a three-sector economy, the circular flow of income and output illustrates the movement of resources, goods and services, and money among three main sectors: households, firms, and the government. This model helps to understand how national income is generated and distributed in the economy. It expands upon the two-sector model (households and firms) by adding the role of government. In the circular flow model, households provide factors of production (land, labor, capital, and entrepreneurship) to firms and receive income in the form of wages, rent, interest, and profits. Households then use this income to purchase goods ___ _____ ________ ______ _________ ________ _____ ___ _______ ________ _______.
_________ ___ ______ _________ __________ _________ ___.
_____ ______ _______ ____ _______ _____ ________ ___ _______.
_____ _________ ____ ___ _______ ____ _________ ________ ______ __________.
________ __________ __________ ________ ____ ______ _________ ___ __________.
_______ _________ ___ ______ ________ ____ ____ _____ ____.
_____ __________ _______ ____ __________ __________ _________ _____ ___ ____ ______.
____ ________ __________ ___ _____ __________ _______ __________.
______ ___ ________ _____ _____ _________ _________ _____ _______ __________ ___ ________.
_____ ___ _____ ____ ________ _______ _________ ____ _______ _________.
______ _______ ______ _____ _______ _______ ___.
______ ___ ________ _____ _____ _______ ________ ______ _________ ______.
____ ____ ____ _______ _______ _______ _________ _______ _____ __________.
______ _______ ____ ___ ______ __________ _________ ___.
_______ _______ ______ ___ _____ _________ ______ ____ _____ _________ ____.
____ _________ ___ ______ _________ ___ ___ _____ _________.
____ _______ _____ ____ __________ ______ _____.
_______ ________ _____ _____ ________ _____ ________ _________ ________ ___.
_______ ______ _____ ___ ______ ________ ________ ________ _____ ________ ___ ____.
____ __________ ____ ____ ___ _____ _________ ____.
_______ ________ __________ _________ _______.
________ _______ _________ _________ ______ _________ ______ _____ ________ _________.
_______ ________ _________ ___ _____ _____.
___ ___ _____ ______ ______ ___ _________.
_____ _____ _________ ________ ____ ________ ________ _____.
_______ ______ _____ _____ ________ ________ __________ __________ ___.
_______ ______ ___ ____ _____ __________ ___.
__________ ____ ______ __________ ____ _________ ___ ___ _________ ______ _________ _______.
______ _____ _________ ________ __________ ___ ___ ________ _________ _____ _________.
_______ _____ ___ _______ ____ _______ _____ __________ _____ _____.
_______ _______ ______ __________ ________ _________ _______ __________.
________ ____ _____ _________ ________ ___ _________ _________ ___ ___ _____ ______.
______ _______ ________ ____ _____ _____ __________ _______ ______ __________.
_______ ___ _______ ________ ________ ______ ______ ________ ___ ____.
__________ ____ _______ ___ ____ _______ _________ _______ _______ ______.
_____ _______ ______ ___ ___ ____ ______ ___ _______ ____ ________.
_____ _____ __________ ________ ____ __________ ________ _____ _____.
_____ _________ __________ _______ __________ _______ ___ _________ ________ __________ ________ _______.
________ _______ ______ ___ _______ ___.
_______ _________ _____ ______ __________ ____ ________ ____ ___.
__________ _________ ______ __________ _________ ____ _____ __________ _____.
_____ ________ _________ _____ __________ __________ _________ __________ _______ _________ _________.
Get Full Answer on WhatsApp