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Labor Market

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14y ago

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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.


Tow truck is an example of which factor of production?

An after market addition to a new cab and chassis assembly.


What is an example of a market modification?

market modification can be done by product modification, i.e the promotion of SUNSILK has increased the market share by including a bit modification in their product and adding a factor of dermotologist. actually market modification is the modification in market share.


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 =)


Can you me an example of local market?

gold market is the best example of local market....


What is Factor Market?

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.


Who are the buyers in the factor market?

households and government


An example of a financial market?

Stock Market.


An example of a factor?

2 is a factor of 4. 3 is a factor of 9.


Why is 12 not a factor?

12 can be a factor. It's a factor of 24, for example.


What is a goods market and a factor market?

Markets used to exchange final good or service.


What are the example of microeconomics?

Market failure and Market structure.