Social Studies, 25.03.2021 19:10 marioshadowman12

A diagram showing a factor market and a product market. In a product market, an arrow labeled wages, rent, and profit are spent by households to provide income for firms, then payments are made by firms to provide income for households. In a factor market, an arrow labeled land, labor, and capital are provided by households to firms. Firms then provide goods and services for households. Refer to the diagram and explain the difference between a factor market and a product market.
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A diagram showing a factor market and a product market. In a product market, an arrow labeled wages,...

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