A factor market is any place or process where
A)Finished goods are bought and sold.
B)Land,labor,or capital is bought and sold.
C)Finished services are bought and sold.
D)None of the choices are correct.

Question

Quizplus · Accepted Answer

A factor market is where factors of production (land, labor, and capital) are bought and sold. This is different from a product market where finished goods and services are bought and sold.

A Factor Market Is Any Place or Process Where