Ask Question
10 February, 01:41

The exchange of factors of production for income occurs in the (blank) market.

+4
Answers (2)
  1. 10 February, 04:15
    0
    Answer;

    Factor market.

    The exchange of factors of production for income occurs in the factor market.

    Explanation;

    A factor market is a marketplace for the services of a factor of production.

    It facilitates the purchase and sale of services of factors of production, which are labor, capital, land and entrepreneurship that are used by a firm to make finished goods.
  2. 10 February, 05:09
    0
    The answer would be : Factor Market

    In economic term, Factor market is a place where the exchange all factor of production such as Labor market, capital market, raw material market, and management market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The exchange of factors of production for income occurs in the (blank) market. ...” in 📘 History 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