answersLogoWhite

0

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.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

Two payment types in the circular flow model?

Resource Markets & Product Markets


What are two types of payments in the free market circular flow model?

Resource and product markets.


In terms of the circular flow diagram businesses obtain revenue through the market and make expenditures in the market?

Resource; Product


In a Circular Flow Model consisting of the Household Sector The Business Sector Product Markets and Resource Market...?

Businesses are sellers of products.


What is the distinguish between product and consumer?

Product is something made, or grown, or harvested. Consumer is the person who uses it, or eats it, or burns it.


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 resource market and product market?

Wet wipes come in several diffrent flavours.


Define marketing distinguish product marketing and services markrting with suitable example?

Define Marketing. Distinguish product marketing and services marketing with suitable examples


In a circular flow diagram labor and other factors of production are sold on resource markets. these resources are then used to produce goods ands services sold onn product markets. how are businesses?

In a circular flow diagram, businesses acquire labor and other factors of production from resource markets, which they use to create goods and services. These products are then sold in product markets to households and consumers. This process generates revenue for businesses, which can be reinvested to purchase more resources or expand operations, creating a continuous cycle of production and consumption within the economy. Ultimately, this flow illustrates the interdependence between businesses, households, and markets.


Distinguish between measurable variable and non-measurable variables of a product?

One way is to check whether the pre-image of the product is sigma-algebra. Please list an example to clarify your question.


Which statement describes a chemical property that can be used to distinguish between compound A compound B?

One chemical property that can be used to distinguish between two compounds is their reactivity with a specific reagent to form a unique product. For example, if compound A reacts with a specific metal to form a colored precipitate while compound B does not, this difference in reactivity can be used to distinguish between the two compounds.


What is the antonym of the word product?

Antonyms of the word product: cause and resource.