Examlex
Simplify the expression.
Goods
Tangible products or items that satisfy human wants or needs and can be transferred from one person to another.
Product Market
The platform where end products or services are made available to individuals, companies, and the general public.
Households
Individuals or groups of people living together as a single unit, making economic decisions and consuming goods and services.
Factor Market
A marketplace for the services of a factor of production (e.g., labor, land, capital), where these services are bought and sold.
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