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lianna [129]
2 years ago
14

1. Briefly explain what a resource market is. Then, describe the role that resource markets play in the flow of goods and servic

es in an economy. In forming your response, be sure to describe the relationship between resource markets, businesses, and product markets. Provide a brief example to illustrate this relationship. (4 points)
Business
1 answer:
scZoUnD [109]2 years ago
7 0

In the resource market we find the materials required for production.

<h3>What is resource market?</h3>

The resource market refers to a market where it is possible to find all or some of the resources that are necessary for the production of goods and services.

Businesses depend on the resource materials for the supply of materials that aid the process of production hence the both are interdependent on each other. It is different from product markets which involves the sale of finished goods to consumers.

Learn more about resource markets: brainly.com/question/3964664

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Answer:

PV= $9,626.49

Explanation:

Giving the following information:

Cash flow= $1,500

Interest rate= 9%

Number of years= 10

First, we will determine the future value, using the following formulas:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {1,500*[(1.09^10) - 1]} / 0.09

FV= $22,789.395

Now, the present value:

PV=FV/(1+i)^n

PV= 22,789.395/(1.09^10)

PV= $9,626.49

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Is a measurement of the way suppliers respond to a change in price
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Answer:

Elasticity

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3 years ago
It is said that kone is embedding intelligence across its supply chain and enables smarter buildings. explain.
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KONE started the next stage of its strategy, Sustainable success with consumers, in January 2021. With innovative intelligent solutions, we will increase the value we provide for clients during the four-year strategy term and further integrate sustainability into all of our activities.

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To learn more about Kone from the given link.

brainly.com/question/27007848

#SPJ4

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