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Example of factor market?
An example of factor market is the automobile market. This is a market that exists as a result of demand for something that consumers use.
What is an example of a factor market?
Labor Market
Do households buy their goods in the factor market?
No, households do not buy goods in the factor market. Instead, they purchase goods and services in the product market, where businesses sell their outputs. The factor market is where households provide factors of production, such as labor, to businesses in exchange for income. This income is then used by households to buy goods and services in the product market.
Who are the buyers in the factor market?
households and government
What is a goods market and a factor market?
Markets used to exchange final good or service.
Example of factor market?
An example of factor market is the automobile market. This is a market that exists as a result of demand for something that consumers use.
What is the difference between factor and product market?
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 is an example of a factor market?
Labor Market
Do households buy their goods in the factor market?
No, households do not buy goods in the factor market. Instead, they purchase goods and services in the product market, where businesses sell their outputs. The factor market is where households provide factors of production, such as labor, to businesses in exchange for income. This income is then used by households to buy goods and services in the product market.
Is a toy factor market or product market?
A toy is typically sold in the product market, where goods and services are exchanged between producers and consumers. In this market, manufacturers produce toys to sell to retailers or directly to consumers. Conversely, the toy factor market refers to the market for the resources used to produce toys, such as labor, materials, and capital. Thus, while toys are found in the product market, the factors used to create them are part of the factor market.
Who are the buyers in the factor market?
households and government
What is a goods market and a factor market?
Markets used to exchange final good or service.
What is the governments role in the factor market?
The role of the government in the factor market is to legislate favorable policies. The other factors include employment determination, wages and labor supply.
Where are productive resources bought and sold?
Factor Market
Which of the following is part of the resource or factor market?
labor
Histroy of stock exchange?
what is the histroy of Indian stock market ? which factor effectedon the market ? if, i want this answer what can i do ?
A factor that acctracts people to a new area such as a good job market or religious freedom?
pull factor
