______ the owners of the factors of production, while ______ what amounts of those factors to hire.\n○…
______ the owners of the factors of production, while ______ what amounts of those factors to hire.\n○ households are; firms determine\n○ firms are; households determine\n○ households are; the government determines\n○ firms are; the government determines\n○ the government is; firms determine
Answer
Brief Explanations:
In a market - based economy, households own factors of production like labor, land, and capital. Firms are the entities that decide how much of these factors to hire to produce goods and services.
Answer:
A. Households are; firms determine