ECSENOMICS Chapter 2 Markets and government in a Modern Economy McGraw-Hilllrwin CopyrightC 2001 The McGraw-Hill Companies, Inc. All rights reserved
McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 Markets and Government in a Modern Economy
ECSENOMICS The Market System Relies on Supply and Demand to solve the Trio of Economic Problems 1-14 Fig Product markets Prices on product markets Housing Pizzas Consumer S What s Costs ot CONSUMERS BU6INESSES Ownership Productivity For whom of tactors Labor Prices on Land factor markets Land Factor markets McGraw-Hilllrwin CopyrightC 2001 The McGraw-Hill Companies, Inc. All rights reserved
McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. T-14 Figure 2-1 The Market System Relies on Supply and Demand to Solve the Trio of Economic Problems