Practice mode Agriculture

In which market do households sell, and firms buy, resources or the services of resources?

Correct answer B. Resource market

Explanation

In the resource (factor) market, households supply labour, land, capital and enterprise, and firms pay wages, rent, interest and profit to use them.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.