Examlex
Find the nth term of the arithmetic progression that has the given values of a = 8, d = 5, and n = 3.
nth term = __________
Market
Any structure that allows buyers and sellers to exchange types of goods, services, and information.
Factor Market
This refers to markets where services of the factors of production (not the actual products) such as labor, capital, and land are bought and sold.
Resources
Inputs used in the production of goods and services, including labor, capital, land, and technology.
Goods and Services
The tangible and intangible outputs of an economy that satisfy consumer needs and wants.
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