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.
labour markets are fat and job markets are S**y
difference between labor law and social legislation
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.
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
Relationship with humal capital & labour market
what is the difference between slave labor and free labor
Abraham Lincoln thought the difference was only that wage labor was temporary and slavery was permanent.
moarginal product of labor
Craft is building something labor is working on something.
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
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.)
Labor cost variance means the difference between standard labor cost and actual labor cost.