List the three markets in which households, firms, the government and the rest of the world interact B. In which of the three markets is each of the following trade? a. The athletic skills of Michael Jordan b. Shares of IBM c. Chef Andres’s cooking skills d. a Gibson guitar e. A corporate bond issued by ATT d. An iPhone
List the three markets in which households, firms, the government and the rest of
the world interact
B. In which of the three markets is each of the following trade?
a. The athletic skills of Michael Jordan
b. Shares of IBM
c. Chef Andres’s cooking skills
d. a Gibson guitar
e. A corporate bond issued by ATT
d. An iPhone
Three types of market in which households, government and the whole world interacts are-
- Goods Market
- Money Market
- Labor Market
1. Good Market- In this type of market the households or the companies exchange (buy and sell) goods at a specific place at a specific period of time. The companies act as a seller and the household acts as buyers in this market.
2. Money Market - Money market is the component of any economy which provides short-term loans and deals in short-term investments and securities. In includes trading in the stock exchange and for investment purpose.
3. Labor Market- Labor market better known as the Job market where the employees provide the supply and employers provide the demand.
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