Markets where firms buy the resources they need like land, labour etc. are called:

CA Foundation · Business Economics · PYQS · January 2026
Markets where firms buy the resources they need like land, labour etc. are called:
(A) A. Product Markets
(B) B. Factor Markets
(C) C. National Markets
(D) D. Spot Markets

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Factor Markets

Topics: Price Determination in Different Markets

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