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Yes, some products are substitutes for others , some are consumed with others and some are used in the production of others.

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Reasons for market failure?

Market failure happens because of inefficiency in the allocation of goods and services. Other reasons for market failure include incomplete markets, missing markets, and unstable markets.


Why are policy makers more concerned about the financial market than other markets such as the automobile or computer markets?

A working financial market is essential for all other sectors of the economy to function.


What is the different between labour market and other markets?

The labor market specifically refers to the supply and demand for labor, where employers seek workers and individuals offer their skills and time in exchange for wages. Unlike other markets, which may deal with goods or services, the labor market is characterized by human resources, skills, and employment conditions. Additionally, it often involves unique factors such as labor laws, minimum wage regulations, and collective bargaining, which don't apply to traditional markets. Overall, while all markets involve exchanges, the labor market centers on the dynamics between employers and employees.


Difference between perfect and imperfect markets?

Perfectly competitive markets are those where a "standardized" product (think corn or wheat) is exchanged. In such markets there are many, many sellers and buyers, so no single buyer or seller is able to have any effect on the market via their actions.


Why is the stock exchange called a market?

The stock exchanges are called markets because that is where representatives of buyers and sellers meet to perform daily transactions on behalf of their customers, similar to any other market for products or services.

Related Questions

Reasons for market failure?

Market failure happens because of inefficiency in the allocation of goods and services. Other reasons for market failure include incomplete markets, missing markets, and unstable markets.


Why are policy makers more concerned about the financial market than other markets such as the automobile or computer markets?

A working financial market is essential for all other sectors of the economy to function.


Are equity shares a money market instruments?

Equity shares are long term instruments and hence can not be a money market instrument. They are traded in a market known as stock market. The equity segment of the exchange is different from other markets such as debt market and money markets.


Where can one find organic produce in San Jose?

In San Jose you can get organic produce in Whole Foods Market, New Leaf Community Market, Nijiya Market, Grocery Outlet, and other markets like that, But these markets where the biggest in that region.


What is the difference between old market and new market?

I think like that the newer markets are just a wide variety than the other


Why did people in medieval Europe need permission from the king to have a market or business?

Medieval people did not need permission to have a business. The market we read about that needed a charter was not an individual business, but what we might call a market place, a large area with stalls and shops for many merchants. Markets differed from fairs. Fairs were temporary, but markets were permanent places where many merchants did business. Originally, cities had markets, and the countryside was served by temporary fairs. There were parts of the countryside that were rather far from cities, and the kings encouraged economic growth in these areas by designating certain villages to have markets, issuing decrees that they were market towns. The people who worked in markets were not interested in having competition from other nearby markets. Kings also wanted the markets to be economically healthy, and were easily persuaded to limit the numbers of markets, so they were not too near each other. So a market required a royal charter, to protect the existing markets.


Different type of capital market?

There are two different types of capital markets. The first one is the primary market which is common for issuance of new securities. The other type is the secondary market which is known as the after market.


Is it true of false that socialism and captialism are market based economies?

It is true that capitalism is a market-based economy. Socialism can be either market-based or based on economic planning. However, even in socialist planned economies, there would still be markets in consumer goods and some markets for capital goods, so socialism would still include a role for markets. On the other hand, fully-developed communism would NOT be a market-based economy.


What are the strength weakness opportunity and threat of Motorola?

· The Asia/Pacific market registered mixed fortunes in 3Q08. Although there were signs of growth in emerging markets like China and Indonesia, other developed markets suffered during the quarter. In particular, the Australia market slumped due to a combination of third-quarter seasonality and weak economic sentiment, while the high-end Korea market experienced a double-digit decrease as dueling operators eased away from an expensive subsidy war.


What is an example between resource markets and product markets?

Let me explain with a house/flat sale. Resource market for this includes the labor that includes to build a house, and also the window grills, wooden doors and all other things which should be necessary to build a house. Product market for this the market to which the house is sold.


How Market can work perfectly with equally in marginal cost and marginal cost benefit?

ok firstly, you start by finding a gun. then kill all the other markets competitors. now you own the markets :)


What is market segmentation of services?

Market segmentation is the process of targeting groups of individuals who are similar to each other. Markets are then segmented to reach the different target groups based on the needs of the those groups.