In the circular flow model of the economy, there are two markets -- the product market and the resource market. The prod

[answerhappygod]

In the circular flow model of the economy, there are two markets -- the product market and the resource market. The product market is where consumers buy goods and services. For example, when you, as a consumer, buy gasoline, your purchase would take place in the product market.
In contrast, when delivery services, such as FedEx, buy gasoline for their vehicles, those purchases would take place in the resource market.
Class -- What questions and comments do you have about the resource market? What real-world examples do you have?