What are resources markets?

A resource market is a place where a business can purchase resources to produce goods and services. Product markets are where finished goods and services are sold to consumers, and financial markets are where financial assets are traded.

What is a resource market example?

The labor market, where skilled laborers are desired over unskilled laborers, is a type of resource market.

What do companies buy from resource markets?

Firms purchase land, labor, capital, and entrepreneurship in the Resource Market.

What is a resource market example?

The labor market, where skilled laborers are desired over unskilled laborers, is a type of resource market.

Who is the seller in the product market?

There are businesses.

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