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The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods.
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What is the difference between social legislation and labor legislation?
difference between labor law and social legislation
What is the main difference between the labour market and goods market?
labour markets are fat and job markets are S**y
What is the difference between 'direct labor' and 'indirect labor'?
Direct Labor: it is the type of labor which is directly related with the manufacturing of product in factory Like people directly working on machines for production of goods. Indirect Labor: it is the type of labor which is labor in nature but do not directly relate with the production of goods or without which the product can still be made like Supervisor in factory who supervise the workers working on machines to produce any product.
What are the difference between international market and global market?
international market refers to us as a medium of trading your product in another country whiles global market is where your goods ,service, labor and financial market led to business activities in the whole world
What is differences between the labor market and the product market?
Relationship with humal capital & labour market
Information of free labor vs slave labor?
what is the difference between slave labor and free labor
What is the difference between slave labor and wage labor?
Abraham Lincoln thought the difference was only that wage labor was temporary and slavery was permanent.
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
What is the difference between individual supply of labour curve and market supply of labour curve?
The individual supply of labor curve represents the relationship between the wage rate and the quantity of labor an individual is willing to supply, reflecting personal preferences and constraints. In contrast, the market supply of labor curve aggregates the individual supply curves of all workers in the market, illustrating the total quantity of labor supplied at various wage rates. While the individual curve is based on personal factors like skill level and circumstances, the market curve reflects broader trends and influences, including overall demand for labor and economic conditions.
What do you mean by labor cost variance?
Labor cost variance means the difference between standard labor cost and actual labor cost.
What is the difference between factor market amd product market?
Factor Market: Market where factors of production are traded for $$$ (Land, Labor, Capital, Entrepreneurship) AMD (:p lol) AND Product Market: Where final products from businesses or firms are sold by means of factors of production (i.e. target, best buy, etc.)
