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Basic diagram of the circular flow of income. The functioning of the free-market economic system is represented with firms and households and interaction back and forth. The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. The flows of money and goods exchanges in a closed circuit and correspond in value, but run in the opposite direction.
(May 2009). A hydrograph is a graph showing the rate of flow (discharge) versus time past a specific point in a river, or other channel or conduit carrying flow. The rate of flow is typically expressed in cubic meters or cubic feet per second (cms or cfs). The end of stormflow (aka quickflow or direct runoff) and the return to groundwater-derived flow (base flow) is often taken as the point of inflection of the recession limb. 2  The recession limb represents the withdrawal of water from the storage built up in the basin during the earlier phases of the hydrograph.