Answer:
Individuals provide labor for factor markets and buy goods in product markets
Explanation:
They sell scarce resources (labor) for income and spend income to buy goods and services. change in the quantity of a product purchased in response to a change in price.
Answer: Individuals provide labor for factor markets and buy goods in product markets.
Explanation: As part of the circular flow of economic activity, in the product market, producers sell goods and services to consumers. Productive resources are bought and sold in the resource market (or factor market).
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