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In its simplified form, the circular flow of income conce...

In its simplified form, the circular flow of income concept refers to the

A.

Real flow in goods and services between the product and factor markets

B.

Monetary payment for goods and services produced by individual firms

C.

Transactions in goods and services and payment for such transactions between individual firms and households

D.

Money flows associated with transactions between individual firms and households

Correct answer is C

No explanation has been provided for this answer.