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  • 03-03-2019
  • History
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explain how households and firms interact in the factor market and in the product market.

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Аноним Аноним
  • 03-03-2019

Households interact with business firms it two distinct ways: (1) households supply economic resources, such as labor, to businesses in exchange for income, and (2) households use their incomes to buy goods and services produced and sold by business firms. The first type of interaction occurs in markets for resources. hope this helps <3

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