Ask Question
17 February, 12:55

Are firms primarily buyers or sellers in the goods and services market? In the labor market?

+3
Answers (1)
  1. 17 February, 15:23
    0
    Answer: Firms are primarily sellers in the goods and services market and buyers in the labor market.

    Explanation: The goods and services are dispensed by the firms in order to make the potential customers pay the fixed prices and buy them. This activity of the firms categorizes them as 'sellers' in the goods and services market. On the other hand, in the labor market, the firms pay a fixed price for the labor to carry out the activities of manufacturing and selling. Hence, in the labor market, firms are categorized as 'buyers'.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Are firms primarily buyers or sellers in the goods and services market? In the labor market? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers