Answer:
Dave is participating in the factor market.
Explanation:
Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is providing his factor services to the grocery store and earning factor income in return. Â
The grocery store is paying Dave a factor payment as an hourly wage in exchange for labor. So we can say that Dave is involved in the factor market. Â
A factor market can be defined as that segment of the economy where the factor services are exchanged in exchange for factor payments.
