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7 August, 11:11

In the Resource (Factor) Market, who demands the factors of production?

A) Businesses / Firms

B) Individuals / Households

C) Businesses / Firms and Government

D) Individuals / Households and Government

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Answers (1)
  1. 7 August, 11:24
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    Answer: The correct answer is "A) Businesses / Firms".

    Explanation: Businesses and Firms demands the factors of production.

    The households are those that go to the market of factors offering work, land and capital and in return they receive the salaries, rents and interests that are paid by the companies, who demand these factors to use them in the productive processes.
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Home » Business » In the Resource (Factor) Market, who demands the factors of production? A) Businesses / Firms B) Individuals / Households C) Businesses / Firms and Government D) Individuals / Households and Government
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