What happens in the markets for goods and services?

Question

Quizplus · Accepted Answer

In the markets for goods and services, firms provide households with the output they produced. This entails the production and distribution of goods and services to the public. Households, in turn, purchase these goods and services to fulfill their needs and wants. The market for goods and services is a vital component of any economy, as it plays a significant role in determining levels of economic activity and growth.

What Happens in the Markets for Goods and Services