The activity that occurs in the factor resource market is land, labor, capital, and entrepreneurship are bought and sold.
The circular flow diagram shows the flow of goods and services and also the flow of market in an economy. It is believed that their are two agents in the economy - households and businesses
Households provide labour while businesses provide goods and services. The factor resource market is where factors of production are bought.
Here are the options:
A. consumption goods and services are bought and sold.
B)government goods and services are provided.
C) land, labor, capital, and entrepreneurship are bought
and sold.
D) investment goods and services are bought and sold
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