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.
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As illustrated by Adam Smith that there are two innate psychological attributes of humans. One is which people have a powerful wish to better their individual circumstances. The other is as human beings so we are: (1) more interested
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