Economy, asked by hbsarica, 2 days ago

the interactions of individuals and firms in a market can be described as .... money services and goods and resources through product and factor markets

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Answered by Benjamin12346
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Answer:

The factor market is a place where factors of production (land, labour, capital) are bought and sold. ... Demand for labour and capital is a derived demand. Firms need to employ more workers when there is greater demand for the product that they make.

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