Which type of markets allocates productive resources to producers and helps ensure that those resources are used efficiently?

CA Foundation · Business Economics · PYQS · May 2025
Which type of markets allocates productive resources to producers and helps ensure that those resources are used efficiently?
(A) A. Product markets
(B) B. Factor markets
(C) C. Local Markets
(D) D. Retail markets

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Factor markets

Topics: Price Determination in Different Markets

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