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Discuss the Concept of "Flow

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Essay

Discuss the concept of "flow". What is it,and under what conditions is it likely to occur.


Definitions:

Efficiency

The ability to achieve a desired result without wasted energy or resources.

Quantity of Money

The sum of cash and bank deposits circulating in an economy at a particular moment.

Prices

Prices are the amounts of money required to purchase goods or services, serving as a reflection of supply and demand dynamics in a market.

Opportunity Cost

The loss of what could have been earned from other possibilities when one path is taken.

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