Question

Which best describes what occurs in the product market?

Answer 1

If this question has the same choices with the previous ones, the answer is letter c. the exchange of goods and services for money.
In the product market, exchange of goods and services happens.

Choices to this question are:
a)the exchange of labor for capital

b)the exchange of goods and services for factors of production

c)the exchange of goods and services for money

d)the exchange of money for factors of production

Answer 2

I believe the answer is: the exchange of goods and services for money.

Product market refers to a form of market in which finished goods or services is being exchanged between the producers and the consumers. From the transaction, the consumers would be benefited by obtaining a value and satisfaction from the products while the producers would be benefited by obtaining a financial gain.