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Literacy rates worldwide increasing and life expectancy in less developed areas rising.

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Will expansion of world trade in the future be similar to that in past?

of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.


How do businesses and individuals participate in both the product market and the factor markets in the economy?

Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.


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.


Which group benefits most from opening markets in developing countries?

businesses in developed countries


Are households and businesses sellers in the resource and product markets respectively in economics?

Yes, in economics, households are typically considered sellers in the resource markets because they provide labor and other resources to firms. Conversely, businesses act as sellers in the product markets, where they offer goods and services to consumers. This interaction forms the basis of the circular flow model, illustrating how resources and products move between households and businesses.

Related Questions

Why do businesses choose to service international markets?

pickles


How does Grassroots Markets help one run their small business?

Grassroots markets refer to areas of expansion or growth in an particular country that focuses on direct sales to customers (i.e. the grassroots) as opposed to third parties or wholesalers. For small businesses, this means a focus on direct-to-consumer marketing.


Why did some advocate US expansion in the 1890s?

to aquire new markets


Will expansion of world trade in the future be similar to that in past?

of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.


Will expansion of world trade in the future be similar to that in the past?

of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.


How in the us are goods and services distributed?

Through stores, markets, and businesses.


How do businesses and individuals participate in both the product market and the factor markets in the economy?

Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.


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.


Do businesses have a responsibility to uphold human rights when entering international markets?

lanti


How did railroads change American?

They allowed businesses access to markets farther away


How did adverting create markets?

Advertising has played a crucial role in creating markets by generating awareness and interest in products and services. It shapes consumer perceptions and preferences, often highlighting unique features or benefits that differentiate offerings from competitors. By effectively communicating value and fostering brand loyalty, advertising encourages consumer demand, ultimately driving the expansion of new markets and facilitating market entry for various businesses.


How do businesses in niche markets make their products well known?

all types of advertisement