Producers use the money received from selling their goods and services in the market to pay for the resource services.

Question

Quizplus · Accepted Answer

Producers receive revenue from selling their goods and services in the market, which they use to pay for the resource services that they need to produce those goods and services. This includes payments to labor, capital, land, and entrepreneurship, among other factors of production.

Producers Use the Money Received from Selling Their Goods and Services