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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.


What is the difference between money and fiat money?

Money is any object excepted in exchange for goods and services. The object used in place of goods and services, to purchase goods and services.Fiat money is government authorized currency based on governmental placed value.


How do you place a value on money?

By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.


What transaction that takes place in product market?

In the product market, transactions involve the exchange of goods and services between producers and consumers. Producers supply products, while consumers purchase them to satisfy their needs and wants. These transactions typically involve a price set by supply and demand dynamics, facilitating the flow of resources within the economy. Overall, the product market plays a crucial role in determining the availability and pricing of various goods and services.


Who takes goods from place to place?

Individuals or businesses known as carriers transport goods from one location to another. This can include various modes of transportation, such as trucks, ships, trains, and airplanes, operated by logistics companies, freight services, or independent couriers. Additionally, delivery services and supply chain professionals play a crucial role in ensuring that goods reach their destinations efficiently.


What moves through a community as producers and consumers interact?

Well don't dare think that this answer is hard to think about ,but I really don't know.So go to another place or website thank you enjoy your answer.


What is a product market?

Product market is the place where goods and services are created and sold by businesses. This does not include trading instead focuses on finished goods purchased by the public sector and foreign buyers.


What is internal movement of goods within logistics in a supply chain?

The internal movement of goods in a supply chain is the paperwork of the external movement of the goods. The external movement is bringing the supply from one place to the other. Internal movement is the tracking of supplies.


Where can you purchase a BB gun?

At any sporting goods place, Dicks Sporting Goods, Sports Authority.......


What promotes international trade?

Lets understand trade first.Trade is defined as exchange of goods and services for a price or for another set of goods and services.When such exchange takes place within the boundary of a nation is called domestic trade.When it takes place accross national boundary,it is called intenational trade.International trade is necessitated by inability of a nation to produce certain specified goods and services of its requirement.In such a situation,requirement is fulfilled by importing such goods and services from producing countries.This way, international trade takes place. International trade is also caused by disparities among nations in technological advancement.Technologically advanced nations keep on helping underadvanced nations by their technology.Sale and purchase of goods, services and technology takes place between nations in international trade.