0
The difference between a factor market and a product market is that a factor market is a market where productive resources are bought and sold, while a product market is a market where products offer goods and services for sale.
I copied this out of my econ book =)
What else can I help you with?
What is the difference between a labor market and a factory market?
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.
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.)
What is the difference between the fact market and the product market?
The factor market is where resources, such as labor, capital, and land, are bought and sold to produce goods and services. In contrast, the product market is where finished goods and services are exchanged between producers and consumers. Essentially, the factor market deals with inputs used in production, while the product market focuses on the outputs of that production. Together, they form the basis of an economy's functioning, linking production and consumption.
What is the difference between resource market and product market?
Wet wipes come in several diffrent flavours.
What is the difference between a product led business and a market led business?
bob your maw
What is the difference between a monopoly and a monopsony?
A monopoly is when a single company controls the supply of a product or service in a market, while a monopsony is when a single buyer controls the demand for a product or service in a market.
What is the difference between local market and national market explain with example?
what is the difference between local market and national market
What is the difference between a market and oriented business?
1) A product- orientated business is one whose main focus of activity is on the product itself. A market- orientated business is one which carries out market research to find out consumer wants before a product is developed and produced.
Difference between product orientation and market orientation?
Product orientation during development is using what you have to make what you can with it. Market orientation is seeing what is lacking in the marketplace and uncovering an efficient, expedient way to fill the gap.
How does a market economy coordinate factor and product markets?
8=====(-)
What is the difference between marketing potential and sales potentials?
Marketing Potential is the total amount of product customers will purchase in a specified period and Sales potential is the maximum percentage of market share a firm can expect for a product. In other words market potential is the total market value of your product and sales potential is the percent of the market your product can take over
What is the difference between test marketing and market testing?
The product which will introduce in small segment initially to know the pit palls of our product is called test marketing. To know the possibilities for introducing our product to particular geographical area is called market testing.
