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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 =)
Geraldine Davis
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∙ 6y agoThe 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 =)
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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 resource market and product market?
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What is the difference between a product led business and a market led business?
bob your maw
What is the difference between local market and national market explain with example?
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How does a market economy coordinate factor and product markets?
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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.
What is the difference between marketing potential and sales potentials?
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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.
What is the difference between a business market and a consumer market?
Consider a product that has both a consumer and business market. For example -- personal computers. Can a firm market its products to both the business and consumer markets with one strategy?
What is the difference between consumer market and the business market?
Consider a product that has both a consumer and business market. For example -- personal computers. Can a firm market its products to both the business and consumer markets with one strategy?
