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when a store hires a new worker, which arena of exchange is involved—the factor market or the product market? explain.
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when a store hires a new worker, which arena of exchange is involved—the factor market or the product market? explain.

User Deele
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10 votes

Answer:

Factor Market

Step-by-step explanation:

The factor market deals with all the resources that businesses use to purchase, rent, or hire what they need in order to produce goods or services. A new worker being hired falls under the factor market because they are being hired to produce goods or services for the store.

User Silverfish
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