Question

This is where labor and other factors of production are sold in the circular flow model of income in economic theory *it’s for economics USA testprep

Answer 1

Resource Market

Step-by-step explanation:

A resource market is a market from where businesses purchase inputs that can be used for production.

Resource Market is a market where labor and other factors of production are sold in the circular flow model of income in economic theory.

In Resource Market, households are the sellers and firms are the buyers.