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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.


Is an example of the government and role in the factor market purchasing office supplies and computers purchasing buildings building roads paying the salaries of government employees?

Yes, the government plays a significant role in the factor market by purchasing goods and services, such as office supplies and computers, to facilitate its operations. Additionally, investing in infrastructure like roads and buildings is another example of government participation in the factor market, as it directly affects productivity and economic growth. Paying the salaries of government employees also represents the government's role as an employer in the labor market. Overall, these activities demonstrate the government's influence on various aspects of the economy.


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.


Who are the buyers in the factor market?

households and government


An example of a financial market?

Stock Market.


What is a goods market and a factor market?

Markets used to exchange final good or service.