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Social Studies, 20.06.2020 18:57 cupcake3103670

Consider the hypothetical example of Dominion Island that has firms producing only two goods, gold and cotton, the proceeds of which it uses to purchase other goods and services from neighbouring islands through its banks. Assuming
that all other required institutions in an economy are prevalent in this island, discuss the circular flow of income and
spending in Dominion Island No diagram is required.

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Consider the hypothetical example of Dominion Island that has firms producing only two goods, gold a...

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