A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
When the supermarket in the passage sells groceries to the cashier, it takes
on which role in the circular flow of goods?
A. Business market
B. Household market
C. Resource market
D. Product market

Question

02-06-2021
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Answered

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A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
When the supermarket in the passage sells groceries to the cashier, it takes
on which role in the circular flow of goods?
A. Business market
B. Household market
C. Resource market
D. Product market

Sagot :

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suchetasVT suchetasVT · Answer 1 · 2022-06-16T02:11:57-04:00

The supermarket in the passage is part of the product market in the circular flow of goods. Option D is the correct statement.

What do you mean by product market?

In economics, the product marketplace is the market in which final items or services are sold to groups and the general public sector.

Focusing on the sale of completed items, it does now no longer encompass buying and selling in raw or different intermediate materials.

Therefore, The supermarket in the passage is part of the product market in the circular flow of goods. Option D is the correct statement.

learn more about Product market here:

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Sagot :

What do you mean by product market?

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