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households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
From the product market to households.
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
Items and products are purchased by households. These items need to have some value to the household or they will not purchase them, no matter the cost.
product market
product market
It's Product Market.
Box D is the product market and box C is households.
in a market economy, firms make the goods. Households buy the goods
In a market economy, firms make the goods. Households buy the goods.
In a free market economy, firms purchase factors of production such as labor, from households.