0
Resource markets are when households sell and businesses buy, therefore, an example of a resource market is labor. Land, capital and entrepreneurial ability are also a few examples.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is purchased by businesses in a resource market?
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
Which of the following is part of the resource or factor market?
labor
Is land an example of an economic resource?
definition of land resource
Can you me an example of local market?
gold market is the best example of local market....
How is a command economy different from the other economic systems?
Most economies and industrialized states, such as and including the United States of America, are free market systems. A command market economy, with the chief example of the bygone Soviet Union has the state (as opposed to the market) determine production and resource allocation.
Difference between resource market and intermediate market?
To make it complex, resource market are the market that sell RAW materials, which can be divided into three type - Natural resource market, which sell all goods and service obtained from our environment, such as lumber, oil, and etc. - Human resource market, which mean the labor demand and supply (The needs of employees) - Financial resource market, which means the provision of finance service, such as banks While industrial market, sell goods and services that has been manufactured from industrial market As example, Resource market sell Lumber, and Intermediate market buy the goods that has been processed from Industrial market. Intermediate market consist of retailers and wholesalers. To make it easier to understand Resource market - Sell item from nature, or in form of labor. E.g Crops, oils, milk Intermediate market - Sell goods that "Resource market" sold to "industrial market" and has been processed by "Industrial market" e.G Resource market - "Chop trees" - gain lumber, and sell Industrial market - Buy lumber, manufacture "processed wood" from lumber Intermediate market - buy the processed wood and sell it to consumer
What does the resource market represent?
The resource market represent a platform for exchange. People are able to exchange their products or services for money at the market.
What is an example of a resource?
An example of a flow resource is wind or sunlight
What is an example between resource markets and product markets?
Let me explain with a house/flat sale. Resource market for this includes the labor that includes to build a house, and also the window grills, wooden doors and all other things which should be necessary to build a house. Product market for this the market to which the house is sold.
What is purchased by businesses in a resource market?
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
What is resource market in economics?
Danusy
What is the market cap for Exeter Resource Corporation XRA?
As of July 2014, the market cap for Exeter Resource Corporation (XRA) is $66,305,814.75
What is the market cap for Gold Resource Corporation GORO?
As of July 2014, the market cap for Gold Resource Corporation (GORO) is $287,692,449.39
What is the market cap for Alexco Resource Corp AXU?
As of July 2014, the market cap for Alexco Resource Corp (AXU) is $75,088,677.60
What is the market cap for Augusta Resource Corporation AZC?
As of July 2014, the market cap for Augusta Resource Corporation (AZC) is $537,249,996.45
What is the market cap for Resource Capital Corp RSO?
As of July 2014, the market cap for Resource Capital Corp. (RSO) is $719,632,141.47.
What resource is water an example of?
A natural resource.
