The statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.
According to the economic perspective, circular flow refers to the money flow and the resources i.e. goods and services lies between the people in which there is an exchange of resources that could be done in return for the money.
It involved two types of market i.e. factors and goods and in these two markets, the resources should be provided in order to receive the monetary value.
The following statements represent the circular flow of an economy:
- It does not have a flow between the business and resources.
- It does not have the flow only in the resource market.
- It does not have the flow only in the goods and services market.
Therefore we can conclude that the statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.
Learn more about the circular flow of the economy here: brainly.com/question/11324259
