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.
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.
Labor Market
households and government
Markets used to exchange final good or service.
labor
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.
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 =)
Labor Market
households and government
Markets used to exchange final good or service.
labor
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.
what is the histroy of Indian stock market ? which factor effectedon the market ? if, i want this answer what can i do ?
pull factor
Chill Factor grossed $11,263,966 in the domestic market.
In the Heckscher-Ohlin model, there are typically two markets: the goods market and the factor market. The goods market is where commodities are exchanged, while the factor market involves the trading of production inputs, such as labor and capital. The model emphasizes how differences in factor endowments between countries influence their comparative advantages in producing different goods.