1. household

place where goods and services are exchanged for money

2. firm

private organization that produces goods and services for consumption

3. product market

expenditure for which government receives nothing in return

4. factor market

place where resources are exchanged for money

5. public good

group or individuals who live together and share income

Question

Social Studies

Giancarlo Hurst

9 May, 13:14

1. household

place where goods and services are exchanged for money

2. firm

private organization that produces goods and services for consumption

3. product market

expenditure for which government receives nothing in return

4. factor market

place where resources are exchanged for money

5. public good

group or individuals who live together and share income

+4

Answers (1)

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Destiney Webster · Answer 1

A household is a group who live together and share income Public good os expenditure for which the government receives nothing I return a product market is a place where resources are exchanged for money and a firm is a private organization that produces goods and services