Circular flow diagram

The circular flow diagram is an economic model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents.

History

see also History macroeconomic diagrams

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  Tableau économique by Francois Quesnay, 1759
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  The capital circle by John Stuart Mill, 1885
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  Economic value, price and distribution by Seager, 1904
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  Circuit flow of money by W.T. Foster, 1922
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  The competitive price system adapted from Samuelson, 1961
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  Circular flow model by Hrubovcak, 1995

Types of diagrams

Two sector circular flow diagram

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Three sector circular flow diagram

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Four sector circular flow diagram

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  4 actors & 3 markets
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Five sector circular flow diagram

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Other circular flow diagrams

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  Economic Circular flow with Capital Accumulation according to Keynes

See also

• Assets and liabilities
• Economic diagram
• Flow diagram
• Gross domestic product
• History of accountancy
• Management diagram