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Product Market : Goods and services produced by businesses are sold to households.
Factor Market: Markets where services of the factors of production are bought and sold such as labor, capital, the market for raw materials, and the market for management or entrepreneurial resources.
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Gouverneur Morris
Today marks the birth of maybe the most colorful of all the Founding Fathers. It was Gouverneur Morris who put the finishing touches on the Constitution in 1787, and gave the words “We The People” to all Americans.
<span>A half-mile from Bikini Jack’s office is the village of Jenrok, where a couple thousand people are squeezed into 16 acres of tin-roofed shanties that aren’t uniformly connected to public utilities, above groundwater that’s contaminated by bodies decomposing in family graves.</span>
It was the internal reforms of Mikhail Gorbachev, the last Soviet leader that led to the end of the Cold War