in the circular flow model, the factor markets are the markets in which\n\ngovernment goods and services are…

in the circular flow model, the factor markets are the markets in which\n\ngovernment goods and services are provided.\n\ngovernments impose all their taxes.\n\nland, labor, capital, and entrepreneurship are bought and sold.\n\ninvestment goods and services are bought and sold.\n\nconsumption goods and services are bought and sold.

in the circular flow model, the factor markets are the markets in which\n\ngovernment goods and services are provided.\n\ngovernments impose all their taxes.\n\nland, labor, capital, and entrepreneurship are bought and sold.\n\ninvestment goods and services are bought and sold.\n\nconsumption goods and services are bought and sold.

Answer

Brief Explanations:

In the circular - flow model, factor markets deal with the factors of production. The factors of production are land, labor, capital, and entrepreneurship. These are bought and sold in factor markets.

Answer:

land, labor, capital, and entrepreneurship are bought and sold.