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Describe how the government interacts with the product and resource markets?
Wiki User
∙ 7y ago
The ruling government has a vital role to play in the economy. They make the policies that govern the way people live in a country which in turn directly affects the economy.
Ex: If the government levies heavy taxes then it would have a direct negative impact on the economy because of reduced spending by the people.
Wiki User
∙ 12y ago
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Two payment types in the circular flow model?
Resource Markets & Product Markets
What is the effectiveness of government regulation in controlling markets?
Appraise the effectiveness of government regulation in controlling 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.
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.
Two payment types in the circular flow model?
Resource Markets & Product Markets
What resource markets are LEAST LIKELY to sell?
goods and services
What is the effectiveness of government regulation in controlling markets?
Appraise the effectiveness of government regulation in controlling 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 is the symbol for MFS Government Markets Income Trust in the NYSE?
The symbol for MFS Government Markets Income Trust in the NYSE is: MGF.
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.
In what year did MFS Government Markets Income Trust - MGF - have its IPO?
MFS Government Markets Income Trust (MGF)had its IPO in 1987.
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 is the difference between the institutional and government market?
insitutional markets consists of churches,hospitals,schools that provide goods and services for people. government markets major buyer in business markets. calling for bids.
What is the symbol for Vanguard Emerging Markets Government Bond ETF in NASDAQ?
The symbol for Vanguard Emerging Markets Government Bond ETF in NASDAQ is: VWOB.
What are two types of payments in the free market circular flow model?
Resource and product markets.
