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The Basis of the Circular-Flow Diagram Is That the Money

question 17

True/False

The basis of the circular-flow diagram is that the money flowing into each sector or market is greater than the money that flows out.


Definitions:

Efficiently

Performing or functioning in the best possible manner with the least waste of time and effort.

Customer Oriented

A business strategy focusing on creating a positive experience for customers through services and products tailored to their needs and feedback.

Differentiation

The practice of differentiating a product or service to make it appeal more to a specific target audience.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving the deployment of resources and decision-making processes.

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