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How do businesses and individuals participate in both the product market and the factor markets in the economy?
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
What was the role of the factor in the southern economy?
what was the role of the factor in the southern economy
What are the 4 basic economic sectors?
Factor Markets, Households, Profuct markets, firms
Compare the circular flow diagrams of a free market and mixed economy describe hoe they differ and why?
In a mixed economy, the government purchases land, labor,and capital from households in the factor market, and purchases goods and services in the product market.
How do sociocultural and economic legal and environmental forces factor into conducting business in global markets?
Well it the way sociocultural and economic and the environmental is making more thing of the source that the business are putting in more money on the product
How do businesses and individuals participate in both the product market and the factor markets in the economy?
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
What are factor markets and product markets?
Factor markets are markets for inputs into the workforce, such as labor markets, land markets, and capital markets. They represent items that are factors in the growth of business. Product markets are the the outputs produced by markets such as goods and services.
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.
Distinguish between product markets and factor market?
Product markets are where goods and services are bought and sold, involving transactions between consumers and producers. In contrast, factor markets are where factors of production—such as labor, capital, and land—are exchanged, typically involving businesses seeking resources to produce their goods and services. Essentially, product markets focus on end products, while factor markets concentrate on the inputs required for production.
What was the role of the factor in the southern economy?
what was the role of the factor in the southern economy
What is factor and what is a product?
A factor multiplies with another factor to create a product.
What are the 4 basic economic sectors?
Factor Markets, Households, Profuct markets, firms
What are the factors effecting improve your economy?
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
Is 435 a factor or a product?
Factor
When a factor is multiplied by a factor the answer is a?
A product.
What is a factor times a factor?
A product.
Is 21 a factor or a product?
product
