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What Distinguish between the resource market and the product market in the circular flow model?
Wiki User
∙ 6y ago
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.
Wiki User
∙ 13y ago
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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 a Circular Flow Model consisting of the Household Sector The Business Sector Product Markets and Resource Market...?
Businesses are sellers of products.
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 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 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 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 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 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
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.
What is the antonym of the word product?
Antonyms of the word product: cause and resource.
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
What is the different between shortage and surplus?
A shortage is when there is a LACK (not enough) of that particular resource/product/item. A surplus is when there is EXCESS, or too much of a resource/product/item.
