Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Experience the convenience of finding accurate answers to your questions from knowledgeable professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

1. Briefly explain what a resource market is. Then, describe the role that resource markets play in the flow of goods and services in an economy. In forming your response, be sure to describe the relationship between resource markets, businesses, and product markets. Provide a brief example to illustrate this relationship. (4 points)

Sagot :

pstnonsonjoku

In the resource market we find the materials required for production.

What is resource market?

The resource market refers to a market where it is possible to find all or some of the resources that are necessary for the production of goods and services.

Businesses depend on the resource materials for the supply of materials that aid the process of production hence the both are interdependent on each other. It is different from product markets which involves the sale of finished goods to consumers.

Learn more about resource markets: https://brainly.com/question/3964664

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.