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Question
How does real flow consist of factor flow and product flow?
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Solution
Real flow consists of two kinds of flows:
(i) Factor flow: It is the flow of factor services from households to firms
(ii) Product Flow: It is the flow of goods and services from firms to households
(i) Factor flow: It is the flow of factor services from households to firms
(ii) Product Flow: It is the flow of goods and services from firms to households
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