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Resource mobility - PowerPoint PPT Presentation

Resource Markets

Resource Markets. 1. Introduction. Introduction. Productive assets are bought and sold in resource markets. These markets help determine what is produced, how it is produced, and the distribution of income. S. Product. Markets. D. Business Firms. Households. S. Resource. Markets. D.

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1.1k views • 29 slides

Market Failures

Market Failures. Chapter 7 Section 2. Public Goods. Collectively consumed by everyone Examples: highways, flood control measures, national defense, police and fire protection Government normally has to supply these. Inadequate Competition. Due to: mergers and acquisitions

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67 views • 6 slides

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Resource mobility - PowerPoint PPT Presentation

Resource Markets

Market Failures