the costs to be involved in promoting it
the target population
the competitors in the market
the potential of the consumers
The flows of factors of production that go from households through factor markets to firms and of the goods and services that go from firms through goods markets to households.
In a market economy, firms make the goods. Households buy the goods.
The product market is the market in which firms sell their output of goods and services.
product market
product market
The flows of factors of production that go from households through factor markets to firms and of the goods and services that go from firms through goods markets to households.
in a market economy, firms make the goods. Households buy the goods
in a market economy, firms make the goods. Households buy the goods
In a market economy, firms make the goods. Households buy the goods.
The product market is the market in which firms sell their output of goods and services.
product market
product market
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
It's Product Market.
Consider an economy consisting of households and firms which interact in two markets i.e. the goods and services market in which firms sell and households buy; and the labor market in which households sell labor to business firms or other employees. Required: Illustrate the above economy on a diagram
GST outlays is an asset and represents GST paid to out firms for goods and services. this account is offset agaisnt GST collections (liabilities)
all of those goods