What's another name for the resource market?[4) (5 Points) Labor Market Capital Market Financial Market Factor Market

## Step 1<br />The resource market is also known as the factor market. This is because it is a market where resources or factors of production such as labor, land, and capital are bought and sold. <br /><br />## Step 2<br />The labor market is a subset of the resource market, focusing specifically on the buying and selling of labor. <br /><br />## Step 3<br />The capital market and financial market are different types of markets. The capital market is where long-term debt or equity-backed securities are bought and sold, while the financial market is a broader term that includes the capital market and other markets where financial instruments are traded.