Circular flow diagram- (economy class) 1- Clearly define the model in your own words. Questions to address as you write this portion of the discussion are: How does the model work? . What are the components of the model? What is the interaction among the components of the model? . Provide examples to support your answers. 2- Provide an example you've read about, or taken from your own life experience (personal or professional) where you've had to use circular flow diagram to make a decision