45 the two loops in the circular-flow diagram represent

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› book › showDoughnut Economics: Seven Ways to Think Like a ... - Goodreads The key concept is a doughnut to represent the economy. In very simple terms the doughnut has a hole in the middle which shows a shortfall in "social foundations" and the area outside of the doughnut shows our overshooting of the world's "ecological ceiling". Both these two core concepts are self-evident in today's economies.

The two loops in the circular-flow diagram represent

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