C. Wright Mill’s sociological imagination is defined as how individuals understand their own and others' pasts in relation to history and social structure.
Social imagination has greatly helped us in understanding our history beyond the normal boundary. As we compare our pasts to other’s pasts in relation to history, we see a lot of differences in how we live our lives.
Answer:
<em><u>So, product markets are the ones where goods and services are bought and sold. Resource markets is where businesses buy the things that they need in order to produce the goods and services.</u></em>