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What is an example of a resource market?
Resource markets are when households sell and businesses buy, therefore, an example of a resource market is labor. Land, capital and entrepreneurial ability are also a few examples.
What are the three factors of production and the two types of payments that appear in the free market circular flow model?
Three factors of production: Labor, Capital, and Land Two payment types: Resource Markets and Product Markets
Two payment types in the circular flow model?
Resource Markets & Product Markets
What are some examples of free markets?
A local farmers' market, a flea market, stock markets
What is the role of households in the economic cycle?
To provide all the factors of production to resource markets.
What is an example of a resource market?
Resource markets are when households sell and businesses buy, therefore, an example of a resource market is labor. Land, capital and entrepreneurial ability are also a few examples.
List three factors that affect budget resource allocation decisions of managers provide appropriate examples for each of these three factors?
List three factors that affect budget resource allocation decisions of managers provide appropriate examples for each of these three factors?
What are the three factors of production and the two types of payments that appear in the free market circular flow model?
Three factors of production: Labor, Capital, and Land Two payment types: Resource Markets and Product Markets
3 examples of inexhaustible resource?
Three inexaustible resources: Stupidity Avarice Lust
Two payment types in the circular flow model?
Resource Markets & Product Markets
What are three factors of production and the two types of payments that appear in the free market circular flow model?
The three factors of production are capital, labor, and land. Two types of payments are from firms and households. These payments go to the goods and services markets.
What resource markets are LEAST LIKELY to sell?
goods and services
Forests and fisheries are examples of what resource?
renewable resource
What are some examples of markets?
A local farmers' market, a flea market, stock markets
How is the value of a resource determined?
In traditional markets, the value of a resource is determine by demand. If the product is highly demanded, then the value will be high.
What are the examples of capital markets?
Stoks and bonds
What are some examples of energy resource?
i dont no?
