The role of the government in the factor market is to legislate favorable policies. The other factors include employment determination, wages and labor supply.
parnvir rocks
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.
Private property, Freedom of enterprise and choice, competition, Role of self interest, Markets and price and Achieve but limited governments.
This answer is that the governments role is very little
This answer is that the governments role is very little
parnvir rocks
There are several factors that played a role in the rapid economic changes that have wracked countries in recent years. One factor is the need for the bank bailouts by the national governments. Another factor was the housing market practices allowing people to purchase houses at sub-prime rates with questionable trading practices. This lead to the collapse in the housing market.
This answer is that the governments role is very little
What is governments role when people threaten other citizens?
power
dealer 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.
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 =)
This answer is that the governments role is very little
Private property, Freedom of enterprise and choice, competition, Role of self interest, Markets and price and Achieve but limited governments.
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.
This answer is that the governments role is very little