1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
makvit [3.9K]
2 years ago
5

Which player in the economy supplies labor in the factor market?

Business
1 answer:
djyliett [7]2 years ago
5 0

The player in the economy that supplies labor in the factor market is households.

Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."

The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs.

The input market is another name for the factor market.

By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.

The market for finished goods or services is referred to as an output market, whereas a factor market is referred to as an input market.

This can be seen as a closed-loop flow where households are sellers and businesses are buyers in the factor market and vice versa in the market for goods and services.

Hence, The player in the economy that supplies labor in the factor market is households.

Learn more about supply:

brainly.com/question/4804206

#SPJ1

You might be interested in
Enterprising people will make good office workers.<br> A.True<br> B. False
vaieri [72.5K]

Answer:

A.True

Explanation:

Enterprising means having or showing initiative and resourcefulness making it helpful in a office.

4 0
3 years ago
Read 2 more answers
The people pane shows social media information available for any people who were included in the header of a message in the ____
larisa86 [58]
The people pane displays social media data presented for some people who were limited within the header of the message in the reading pane, as well as attachments, appointments and notes related to those people. A people pane is a pane in outlook that shows a certain contact laterally with related data including photos, status communication or feed, calendar items, etc. on or after outlook and other networks.
5 0
3 years ago
Paying attention to the trends that might impact your future career is called
Mazyrski [523]
<span>The process is called futurecasting. Clustering is a completely different concept related to the organization of resources. Networking is a concept related to building social connections through self-advertising and linking networks with associates. Matchmaking is typically used in reference to specifically cultivating relationships between two people with complementary skill sets or similar core work values. Thus only futurecasting is left as an option.</span>
5 0
3 years ago
According to the Principle of Utility within the ethical theory of Utilitarianism, happiness is an extermely important factor in
Daniel [21]

True.

The Principle of Utility says actions are <u>right </u>when they promote happiness or pleasure, and wrong when they cause unhappiness or pain. So in order to figure out if something is right or wrong you will first have to know if it promotes happiness.

6 0
3 years ago
which component of the marketing mix encompasses all efforts by an international firm to enhance the desirability of its product
spayn [35]

Answer:

Geocentric approach

Explanation:

Geocentric approach marketing is generally used to enhance the desirability of products among potential buyers. geocentric approach marketing is a sort of worldwide advertising wherein organisations attempt to spread out the aspects of their items or administrations among various nations. It happens when a business chooses to widen its activities and spotlight on deals outside of its nation of origin. The whole strategy is implemented to gain more customers.

7 0
3 years ago
Other questions:
  • Fave Motion Pictures sells movie tickets for $ 15 per movie patron. Variable costs are $ 9.00 per movie patron and fixed costs a
    15·1 answer
  • The marginal benefit curve is:
    14·1 answer
  • Harrison Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on
    8·1 answer
  • Beaksley, Inc. is a very cyclical type of business which is reflected in its dividend policy. The firm pays a $2.00 a share divi
    14·1 answer
  • A cap-and-trade program 31 1 Multiple Choice eBook 0 assigns a property right to the atmosphere 0 mandates that every firm indiv
    9·1 answer
  • What should you keep in mind when developing recommend actions or procedures?
    10·1 answer
  • Bell Inc. took a physical inventory at the end of the year and determined that $840,000 of goods were on hand. In Addition, the
    10·1 answer
  • Kentucky Lumber and MillWork Company contracted to supply Rommell Company millwork for use in the construction of a school build
    12·2 answers
  • Cash markets are also known as Group of answer choices speculative markets spot markets dollar markets derivative markets
    6·1 answer
  • If the supply of person-hours in this market shifts to the right, then the equilibrium wage will ______ and the equilibrium numb
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!