Figure 23-2 ​

question 67

Essay

Figure 23-2
​
-Refer to Figure 23-2. Identify the location for markets for factors of production and markets for goods and services.

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Definitions:

Life Expectancy

The average number of years a person is expected to live based on demographic factors such as current age, gender, and geographic location, calculated from statistical data.

U.S. Business

Business enterprises operating within the United States, covering a wide range of industries and contributing to the economic activity of the country.

Patent Trolls

Entities that acquire patents not to produce goods or services but to profit from suing or threatening to sue for patent infringement.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.