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Income and the Circular Flow Model

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Where is INCOME located on the circular flow model? Explain your reasoning.

© BrainMass Inc. brainmass.com September 21, 2018, 7:45 am ad1c9bdddf - https://brainmass.com/economics/microeconomics/income-and-the-circular-flow-model-519245


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On the circular flow model, income is located at the point of where it says "wages, interest, rent, profit." The income comes from firms in the form of wages ...

Solution Summary

This solution explains where income is located on the circular flow model.