The circular flow model of a mixed economy is an exchange between

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Circular flow model of a mixed economy is an exchange between the household and the firms.

Explanation:

Circular flow represents the flow of money goods as well as services among various sectors in a closed area. In case of mixed economy there are two sector they are the household sector as well as the firm sector.

The household sector provides the firm with labor in return the firm provides the household sector with wages for providing labor. On the other hand the firms provide the household sector with goods as well as services in return the household sector provides the firm with money related to goods and services.