Ask Question
HistoryHistory
20 September, 03:52

Refer to the diagram and explain the difference between a factor market and a product market

+3
Answers (2)
  1. 20 September, 03:55
    0
    The Factor Market is where the businesses go to get the factors of production or productive resources (C. E. L. L). The Product Market is where consumers go to get goods and services produced by the businesses.

    Explanation:

    This is the answer that Edge gives. Have a nice day!
  2. 20 September, 04:07
    0
    In a factor market the household provides land, capital and labor to firms in exchange for payments that come in the form of salaries, rent, or profits. In a product market the household income is used to purchase goods or services that are provided by firms.

    Explanation:

    You can put anything and it'll mark it right. But that is the answer they are looking for.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Refer to the diagram and explain the difference between a factor market and a product market ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Our US Government has three parts of government one branch is called the executive branch what is the role of the branch of the government
Answers (2)
This was a battle that lasted 3 months and resulted in approximately 100,000 japanese casualties a. battle of bulge b. battle of iwo jima c. okinawa
Answers (1)
How does North Korea's economy differ from the economy of Canada? A. North Korea's economy relies on nuclear weapons while Canada has no nuclear capabilities. B.
Answers (1)
Which of these plants open its mouth when insect sit on its lid? A. Sunflower B. Pitcher plant C. Brassica Plant D. None of these
Answers (1)
What did the sugar act increased the tax on
Answers (2)
New Questions in History
An outcome of which revolution (s) resulted in conflict and a temporary return to absolute rule?
Answers (1)
The reasons for and the effectiveness of Truman's foreign policy during the early years of the Cold War
Answers (2)
Define bacon's rebellion and explain how it increased the need or desire for slaves instead of indentured servants
Answers (1)
Which of the following did Egyptians and Mayans have in common? both societies had an advanced understanding of astronomy both societies practiced mummification of the dead neither society practiced human sacrifice neither society had a complex
Answers (1)
Why would a portolan map be inappropriate as a resource for a geography class?
Answers (1)
Home » History » Refer to the diagram and explain the difference between a factor market and a product market
Sign Up Forgot Password?