Question

In the ______________, businesses purchase resources, including labor, from households and pay firms for them. Group...

In the ______________, businesses purchase resources, including labor, from households and pay firms for them. Group of answer choices A. labor market B. financial capital market C. savings market D. goods and services market.

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Answer #1

Answer -
Option (A) - Labour market is correct.
Explanation -
In the labour market businesses purchases resources including labour and pay firms for them.In a labour market workers and employees are connects with each other.Labours provide their productive skills in activities of production and employers or business houses pay for them. Here the worker may be any person who wishes to give his services for compensation while the employer may be single individual or large business organization.

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