[Answer] Which best describes what occurs in the product market?

Answer: the exchange of goods and services for money

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Which best describes what occurs in the product market? Which best describes what occurs in the product market? the exchange of goods and services for money Macroeconomic equilibrium occurs … Product market denotes a marketplace in which a final good (prpduct) is traded (bought and sold). The following best describes what occurs in the product market: the exchange of goods and services for money . The trade is between products and services and 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. Which best describes what occurs in the product market? the exchange of labor for capital the exchange of goods and services for factors of production the exchange of goods and services for money the exchange of money for factors of production The product market is the market where final products or goods are bought and sold and not includes the intermediate goods or raw material. So the best description of what occurs in the product market is the exchange of goods and services for money . Which best describes what occurs in the product market? A) The exchange of labor for capital B ) The exchange o...

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