What are the phases included in the circular flow of income ?

CA Foundation · Business Economics · PYQS · September 2024
What are the phases included in the circular flow of income ?
(A) A. Production, Income and Taxation
(B) B. Production, Saving and Expenditure
(C) C. Production, Distribution and Disposition
(D) D. Income, Saving and Investment

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Production, Distribution and Disposition

Topics: Public Finance, Theory of Production and Cost

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