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What happens in the resource markets

What happens in the resource markets?

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a. Households sell resources directly or indirectly (through ownership of corporations).

b. Businesses buy resources in order to produce goods and services.

c. Interaction of these sellers and buyers determines the price of each resource, which in turn provides income for the owner of that resource.

d. Flow of payments from businesses for the resources constitutes business costs and resource owners’ incomes.

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