The noun SUBPOENA DUCES TECUM has 1 sense: 1. a writ issued by a court at the request of one of the parties to a suit; it requires a witness to bring to court or to a deposition any relevant documents under the witness's control. Familiarity information: SUBPOENA DUCES TECUM used as a noun is very rare.
circular process meaning, circular process definition | English Cobuild dictionary. circular. 1 adj Something that is circular is shaped like a circle. ...a circular hole twelve feet wide and two feet deep..., Place your hands on your shoulders and move your elbows up, back, and down, in a circular motion. 2 adj A circular journey or route is one in which you go to a place and return by a different route.
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 exchanged in a closed circuit correspond in value, but run in the opposite direction. The circular flow analysis is the basis of national accounts and hence of macroeconomics. The idea of the circular flow was already present in the work of Richard Cantillon. FranÃ§ois Quesnay ...