Households own economic resources indirectly through their ownership of business corporations occurs in the resource market. So, the correct answer is option b.
What is Resource market?
- A resource market is a place where companies may go and buy the materials they need to make goods and provide services.
- Product markets, where finished goods and services are offered to customers, and financial markets, where financial assets are traded, can be distinguished from resource markets.
- A market for resources, also known as a factor market, is the term economists use to collectively refer to all the resources that companies use to lawfully obtain the inputs they require to carry out the production of goods and services. It is also known as the market for inputs.
- Labor, capital, and land are examples of factors of production that can be purchased on the concept or resource/factor markets. A market that offers businesses the resources they require is a crude definition of a resource market.
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