1. Which of the following, is not a phase of Circular Flow of income, Production Phasea) , Income phase, Expenditure phase, Growth phase, Which of the following is not a Flow Concept?, Capital, Capital Formation, income, Depreciation, “Real flow” refers to the flow of : –, Goods and services across different sector of the economy, Emotions, Factor services from household sector to the producer sector, Both A and C.

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