Examlex
In the circular-flow diagram, the two types of markets in which households and firms interact are the markets for goods and services and the markets for factors of production.
Buyer's Disposition
The buyer's intention or decision regarding the management, use, or sale of purchased assets.
Sale on Approval
A conditional sales agreement that allows the buyer to return the purchased goods if they don't meet specified requirements.
Option to Return
A contractual provision allowing a party to return a product or relinquish a service for reasons specified in the agreement.
Sale on Approval
A transaction agreement where the buyer has the right to return the item within a specified period if it does not meet their satisfaction.
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