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17 September, 11:08

The market that coordinates the exchange of productive inputs between the household and business sectors is the

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  1. 17 September, 15:05
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    Resource Market

    Explanation:

    A Resource Market serves as a link between business sector and households. Such markets meet supply and demand requirements of businesses which determines the price of such resources.

    For instance, resource market would include labor market. Households provide labor. This labor is required by the businesses.

    On the other hand, the households require financial resources. When a business pays laborers i. e factor payments, it meets the requirements of the households.

    Thus, in a circular flow, resource markets act as a medium for exchange of productive inputs between businesses and households.
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