Question

PLEASE HELP!!!! (20 POINTS!)

Briefly summarize the interactions between product markets, factor markets, businesses, and individuals.

Answer 1

Explanation:

1- PRODUCT MARKET: market in which goods and services are bought or sold.

2- FACTOR MARKETS: markets in which productive resources are bought or sold.

3- BUSINESSES & INDIVIDUALS: businesses provides goods and services directly to the individual consumer in exchange for payment.

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Answer 2

Answer:

the  market and the factor markets are difference because factor is form a factory

Explanation: