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What are the 4 basic economic sectors?
Factor Markets, Households, Profuct markets, firms
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 does a market economy coordinate factor and product markets?
8=====(-)
Characteristics of capital as factor of production?
capital is a money to start a business
Is a garbage truck a factor of production?
Yes, it is considered capital.
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.
How do Socio Cultural economic legal and environmental forces factor into conducting business in global markets?
I hope this student starts using their text instead of the internet answer web sites for their work!
What are the 4 basic economic sectors?
Factor Markets, Households, Profuct markets, firms
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
Is global warming a factor of an earthquake?
no
How does a market economy coordinate factor and product markets?
8=====(-)
Characteristics of capital as factor of production?
capital is a money to start a business
Which factor most influence global precipitation?
Variations in air pressure and global winds.
Is capital a factor of production?
Yes.
Is a garbage truck a factor of production?
Yes, it is considered capital.
