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
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.
Question : The flow of factor services from households to firms and corresponding flow of goods and services from firms to household. This mechanism is known as _____________.
Question : Enterprises combines factors of production to produce goods and services. Factors of production involves __________________________.
Question : In the circular flow of income, households are the ______ of factors of production and ______ of goods and services.
Question : In the circular flow of income, firms are the ______ of goods and services and ______ of factors of production.
Question : Barter exchange is also known as
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