Ask Question
16 July, 21:23

Ali buys a new pair of shoes at a shoe store. to which of the arrows does this transaction directly contribute?

+2
Answers (1)
  1. 16 July, 22:52
    0
    Answer;

    Firms - -> Market For Goods and Services - -> Households

    Explanation;

    In product markets, business firms supply and sell goods and services while households demand and buy them. Households supply and sell factors of production, such as labor, while business firms demand and buy them.

    In a market economy households provide resources and labor and purchase goods and services while firms provide goods and services and purchase resources and labor. The goal of firms in a market economy is to maximize their profits. This can best be achieved by minimizing costs in the resource market and maximizing revenues in the product market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ali buys a new pair of shoes at a shoe store. to which of the arrows does this transaction directly contribute? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers