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A commodity
commodity
A commodity
A person who trades labor for passage is called
No worth the labor for the money
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slave owners didnt have to pay for labor so they made far more money.
New England colonies labor forces are to sell slaves and trade.
Households usually only sell labor to the government or to any other firm. Households are not able to produce anything else that would be of use the the government. If a person was a government worker, that would be selling their labor to the government.
cars, oe parts, expensive labor
sell the car
Consider an economy consisting of households and firms which interact in two markets i.e. the goods and services market in which firms sell and households buy; and the labor market in which households sell labor to business firms or other employees. Required: Illustrate the above economy on a diagram