Describe four transactions of the Circular Flow Diagram. describe how these loop loops, and name for each the loops. What are injection and extraction, and what does recycling do?

Withdrawals/Leakages Savings S Taxation T Imports M Households Factor Factor Services Goods Incomes Y Land, labour, Capital Consumption and Wages, Entrepreneurship/Enterprise Services Expenditure C Rent, Profit, Interest Firms Injections Investment I Government Spending G Exports X