Question : Flow of Goods and Services and factors of production across different sectors in a barter economy is known as:
Option 1: Circular Flow
Option 2: Real Flow
Option 3: Monetary Flow
Option 4: Capital Flow
Answer (1)
25th Jan, 2024
Correct Answer: Real Flow
Solution : The correct answer is (b) Real Flow
In a barter economy, where goods and services are exchanged directly without the use of money, the flow of goods and services and factors of production across different sectors is known as the Real Flow. It represents the physical movement and exchange of tangible goods, services, and resources between economic agents. Thank you for pointing out the correct answer.
Comments (0)
Related Questions
Trending Articles/News
