Describe the nature of households and firms
Households are the consumers of goods and
services. They are also the suppliers of labour.
, A firm is a business organization that brings
together and coordinates the factors of
production for the purpose of supplying goods
and services.
Households are the consumers of goods and
services. They are also the suppliers of labour.
, A firm is a business organization that brings
together and coordinates the factors of
production for the purpose of supplying goods
and services.
