Highland Hotels rents buildings and employs receptionists through factor markets. It sells overnight stays to tourists in a product market. Explain how the factor markets and product market are interdependent in this example.
76 exam-style questions on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one has a worked solution and a mark scheme showing where the marks go.