What is a household? How do households interact with firms in a market?
What will be an ideal response?
A household consists of all persons occupying a home. Households supply factors of production used by firms to produce goods and services. Households also demand goods and services produced by firms.
Economics
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As the quantity of capital increases, the marginal product of capital
A) does not change. B) increases. C) decreases. D) may either increase or decrease.
Economics
Which political philosophy argues that the government should choose policies deemed just, as evaluated by an impartial observer?
Economics