The answer would be that resource owners are a group of people that live in a single residence (a family for example). These are also consumers of products and services. Meanwhile firms are explained as an organization that creates a good or a service, through the use of resources such as capital. They create goods and services out of factors of production.
Answer:
They facilitate trade. More trade means more production. More production means more employment and a higher national income. Markets are, therefore, essential for the development of industries and the economic growth of a country.
Four Points are given bellow:-
- Marketing Helps in Transfer, Exchange and Movement of Goods
- Marketing Is Helpful In Raising And Maintaining The Standard Of Living Of The Community
- Marketing Creates Employment
- Marketing as a Source of Income and Revenue
Hamlet's tragic flaw is his inability to make a decision and then carry it out.
<span>Grade inflation is the correct term. </span>
