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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.
What is an example of a factor market?
Labor 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.
Do households buy their goods in the factor market?
No, households do not buy goods in the factor market. Instead, they purchase goods and services in the product market, where businesses sell their outputs. The factor market is where households provide factors of production, such as labor, to businesses in exchange for income. This income is then used by households to buy goods and services in the product market.
Who are the buyers in the factor market?
households and government
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.
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 =)
What is an example of a factor market?
Labor Market
What type of dilation occurs with a scale factor of 14?
The type of dilation that occurs with a scale factor of 14 is enlargement. Any time the scale factor is larger than 1, it is enlargement.
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.
The original sale of securities by governments and corporations occurs in the what market?
dealer market
Do households buy their goods in the factor market?
No, households do not buy goods in the factor market. Instead, they purchase goods and services in the product market, where businesses sell their outputs. The factor market is where households provide factors of production, such as labor, to businesses in exchange for income. This income is then used by households to buy goods and services in the product market.
Is a toy factor market or product market?
A toy is typically sold in the product market, where goods and services are exchanged between producers and consumers. In this market, manufacturers produce toys to sell to retailers or directly to consumers. Conversely, the toy factor market refers to the market for the resources used to produce toys, such as labor, materials, and capital. Thus, while toys are found in the product market, the factors used to create them are part of the factor market.
Who are the buyers in the factor market?
households and government
What is a goods market and a factor market?
Markets used to exchange final good or service.
What cause market failure?
Market failure occurs when goods are not fairly distributed.
The number of times the base occurs as a factor is referred to as the?
exponent
