A local farmer sells his fresh produce at a farmer's market. Which category does this transaction fall under?

The transaction of the local farmer selling his fresh produce at a farmer's market falls under the category of product markets. In a product market, goods and services are sold to consumers. The farmer grows vegetables and fruits, which are tangible products that people buy to eat. For example, if a customer buys tomatoes from the farmer, they are participating in the product market by exchanging money for the fresh produce. This is different from factor markets, where resources like labor and land are exchanged to produce goods.