0
Are households and businesses sellers in the resource and product markets respectively in economics?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
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 two payments in the free market circular flow model?
Resource markets and product markets are the two payments int he free market circular flow model. Both of these markets are for businesses and households.
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
What is purchased by businesses in a resource market?
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
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.
What is resource market in economics?
Danusy
What are the two payments in the free market circular flow model?
Resource markets and product markets are the two payments int he free market circular flow model. Both of these markets are for businesses and households.
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
What is purchased by businesses in a resource market?
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
What has the author Donald E Campbell written?
Donald E. Campbell has written: 'Incentives' -- subject(s): Mathematical models, Social choice 'Resource allocation mechanisms' -- subject(s): Welfare economics, Equilibrium (Economics), Resource allocation, Economics, Consumption (Economics)
What is the role of households in the economic cycle?
To provide all the factors of production to resource markets.
What natural resource does metal come from.. its economics.. dumb homework?
i have no idear
What has the author Tietenberg written?
Tietenberg has written: 'Environmental and natural resource economics'
What are five types of resources in economics?
land resource water human forest
What is the resource gap?
In economics, resource gap refers to the amount of foreign savings. It is also defined as investment minus domestic savings.
Develop a series of questions for determining the proportion of households with children?
What do you mean by Human Resource Management? Also discuss, in brief, both the 'managerial' and the 'operative functions' of Human Resource Management.
