What happens in the product markets
What happens in the product markets?
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a. Households are on the buying side of these markets, purchasing goods and services.
b. Businesses proposes products for sale are on the selling side of these markets
c. Interaction of these buyers and sellers determines the price of each product.
d. Flow of consumer expenditures constitutes sales receipts for businesses.
Is transfer income involved in national income? Explain Why? Answer: No, since transfer income does not effect in the production of services and goods.
Just need help to see if I am in the right direction if there any think wrong need help with it.
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