Examlex
Selection lists usually appear in a ____ box.
Factor Market
A marketplace where services of the factors of production (labor, land, capital) are bought and sold.
Product Market
The marketplace where final goods or services are offered to consumers, businesses, and the government.
Positive
In economics, referring to factual statements or analyses about how the world is, as opposed to normative statements which are about how the world ought to be.
National Defense
The government activities and measures taken to protect a country and its citizens from external and internal threats, including maintaining armed forces and developing defense strategies.
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