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How do firms purchase or pay for ther labor that they use to produce their goods abd services?
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Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the .?
product market
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the?
product market
Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the?
It's Product Market.
Firms produce goods and services?
Gross national product...
What is simple circular flow model?
Depicts how firms produce and sell goods and services.
How do firms purchase or pay for the labor that they used to produce their goods and services?
Salaries and Wages
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the .?
product market
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the?
product market
Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the?
It's Product Market.
Firms produce goods and services?
Gross national product...
What is simple flow model?
Depicts how firms produce and sell goods and services.
What is simple circular flow model?
Depicts how firms produce and sell goods and services.
In a free market economy the factor market involves which type of exchange?
a. the goods and services that households produce are purchased by firms.b. firms purchase factors of production from householdsc. Households purchase factors of production from firmsd. firms loan money to households to purchase capital
Supporters of command economies claim that firms in market economies do not produce the goods and services wanted by the poor because?
firms produce only what people with money want and need.
What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
The money spent by firms in order to produce and sell their goods and services is called?
For Plato Users: production costs
What is Circular flow of income between households and firms?
from the household, the income flow which is the purchase of goods and services will become firms. then the income flow from the firms which is the wages, interest and rents will go back to the households.
