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The market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor.

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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 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


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.


Which of the following is part of the resource or factor market?

labor


Where are productive resources bought and sold?

Factor Market


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 ?


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.


A factor that acctracts people to a new area such as a good job market or religious freedom?

pull factor


How much money did Chill Factor gross domestically?

Chill Factor grossed $11,263,966 in the domestic market.


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.)