Question

Consumer markets are the products directly aimed at individuals and households. (True or False)

1) True
2) False

Answer 1

In the goods and services market, households are buyers. In the labor market, households are sellers.

Step-by-step explanation:

In the goods and services market, households are primarily buyers. They are the ones who purchase the goods and services produced by businesses. On the other hand, in the labor market, households are primarily sellers. They provide their labor and skills in exchange for wages or salaries.