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How are factor markets connected to firms
Land, Labor, and capital
How are firms connected to factor markets
Income earned by workers
How are factor markets connected to house hold
Income earned by workers
How are house holds connected to factor markets
Land, Labor, and capital
How are house holds connected to the product market
Buying a final product
How is the product market connected to house holds
Goods and services
How is the product market connected to firms
Revenue earned by firms
How are firms connected to the product market
Goods and services