There are two kinds of markets in circular flow diagram in economics These are product markets and factor markets. A factor market is the market for goods and services.Is that true or false?
There are two kinds of markets in circular flow diagram in economics These are product markets and factor markets. A factor market is the market for goods and services.Is that true or false?
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 4QR
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There are two kinds of markets in circular flow diagram in economics
These are product markets and factor markets.
A factor market is the market for goods and services.Is that true or false?
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