Ecs1601 all in one - Study guides, Class notes & Summaries

ECS1601 ASSIGNMENT 1 SM 2 2020/2021 The three major flows in any economy are … [1] income, spending and saving. [2] income, government spending and consumption. [3] spending, production and investment. [4] production, income and spending. The two major markets in the circular flow of income and expenditure are the … [1] foreign exchange market and factor market. [2] goods market and factor market. [3] goods market and services market. [4] factor market and production market. Which...