Figure 2.4 identifies two types of markets: goods markets and factor markets. Goods and services are bought

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Figure 2.4 identifies two types of markets: goods markets and factor markets. Goods and services are bought and sold in goods markets ;

and the services of factors of production are bought and sold in factor markets .

Real Flows and Money Flows

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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