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1 October, 11:27

The exchange of factors of production for income occurs in the (blank) market.

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Answers (2)
  1. 1 October, 11:38
    0
    Answer;

    Factor market.

    The exchange of factors of production for income occurs in the factor market.

    Explanation;

    A factor market is a marketplace for the services of a factor of production.

    It facilitates the purchase and sale of services of factors of production, which are labor, capital, land and entrepreneurship that are used by a firm to make finished goods.
  2. 1 October, 11:54
    0
    The answer would be : Factor Market

    In economic term, Factor market is a place where the exchange all factor of production such as Labor market, capital market, raw material market, and management market.
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