Question

Describe one way that how people interacts in the factor/resource market?  

Describe one way that how people interacts in the factor/resource market?  

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Ans.

In factor resource market , the firm is the buyer and the household's are the seller , where the firm buys factor of production like man power , labor etc to make or produce the goods and services. Like when a person wants a job , and looks for jobs, then they are a part of the factor maket, or when a investor of a firm gets a compensation in the form of dividends , then that is a part of a factor market as well.

Households are mainly selling their services to the firm who is the buyer , and in return wages or salaries are paid.

--------------------------------------------------------------------------------------------------

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Describe the Buy American Act including its purpose, implementation and how it interacts with other agreements.
Describe the Buy American Act including its purpose, implementation and how it interacts with other agreements.
(d) Describe by way of examples how an expert system could be used in each of...
(d) Describe by way of examples how an expert system could be used in each of the FOLLOWING AREAS: (i).   Healthcare (ii). Prediction (iii). Human Resource Management (iv). Production (v). Accounting
How does job analysis support human resource management activities? Briefly describe one of the methods commonly...
How does job analysis support human resource management activities? Briefly describe one of the methods commonly used for gathering job analysis data. 200 words
Describe the structural model of a one-way between subject’s ANOVA. Illustrate how the components of a...
Describe the structural model of a one-way between subject’s ANOVA. Illustrate how the components of a score change as we go to a) ANCOVA, b) one way within-subject’s ANOVA, c) factorial design, d) mixed factorial design, and e) within-factorial design.
Is there way i can calculate the probability how many people will get disease in a...
Is there way i can calculate the probability how many people will get disease in a house of 7 people and one of them has the disease already. so, total people in the house is: 7 total who got the disease is : 1 if there is a way please show the formula and calculate how many people will get the disease
For this assignment, list five people with whom you socialize. Then name and describe how you...
For this assignment, list five people with whom you socialize. Then name and describe how you compare yourself to this person in some way (looks, grades, job, money, etc.). Finally, describe how you think these five people use social comparison with you.
Describe one factor that can alter the carrying capacity of a population?
Describe one factor that can alter the carrying capacity of a population?
1.Describe “c factor.” Discuss how a team can develop “c factor” and if this is important....
1.Describe “c factor.” Discuss how a team can develop “c factor” and if this is important. Why or why not?
1. Describe a study where a one-way ANOVA would be appropriate (hint: how many independent variables...
1. Describe a study where a one-way ANOVA would be appropriate (hint: how many independent variables are there in a one-way ANOVA?). Make sure to tell us your independent and dependent variables. 2. What would you hypothesize in terms of the effect of your IV on your DV on why?
16. A major way in which the U.S. government interacts with the pharmaceuticals industry to assure...
16. A major way in which the U.S. government interacts with the pharmaceuticals industry to assure a safe and adequate supply of drugs is through a. Financing services provided by private sector firms b. Marketing services for private producers c. Producing services for consumers d. Regulating the market for some services 17. Public good exhibit all of the following characteristics except a. It is difficult or impossible to exclude non-paying consumers b. They are not subject to crowding during peak...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT