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What are factor markets and product markets?
Factor markets are markets for inputs into the workforce, such as labor markets, land markets, and capital markets. They represent items that are factors in the growth of business. Product markets are the the outputs produced by markets such as goods and services.
What are the basic components of the marketing process?
Knowing your product and your market dynamicsBeing able to sell your productBeing aware of the competitionFind the appropriate target markets for your productCustomers - demographics, market segment, target markets, needs, buying decisionsCurrent sales in the industrySuppliers that you will need to rely on
2. Compare and contrast competition in traditional markets with that in digital markets.?
Compare and contrast competition in traditional markets with that in digital markets?
What is the difference between old markets and new markets?
I think like that the newer markets are just a wide variety than the other
What are secondary markets and primary markets?
Primary markets are those consisting of investment banks which set the beginning price range for certain securities. Secondary markets are where the actual trading of shares, stocks, and bonds are done.
What are the 4 basic economic sectors?
Factor Markets, Households, Profuct markets, firms
What are the four basic types of economic systems?
markets
When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?
In market-based economies, markets determine prices which will answer the three economic questions
When markets or governments make economic decision about how to most efficiently convert their resources into goods and service what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
Basic requirements of an effective financial system?
The financial system is a complex mix of financial intermediaries, markets, instruments, policy markets, and regulations that interact to expedite the flow of financial capital from savings into investment.
Which of the following is a goal of the leaders of most economic systems?
The most basic economic institution in market economies is the system of markets.
When markets or governments make economic decisions about what goods and services their resourcers will be used to make what basic economic question are they answering?
What to produce
When markets and governments make economic decisions what good s and services their resources will be used to make what basic economic question are they answering?
what to produce
What are factor markets and product markets?
Factor markets are markets for inputs into the workforce, such as labor markets, land markets, and capital markets. They represent items that are factors in the growth of business. Product markets are the the outputs produced by markets such as goods and services.
What are the different types markets on the basis of time?
local markets,,regional markets,,national markets,international markets,
What are the basic components of the marketing process?
Knowing your product and your market dynamicsBeing able to sell your productBeing aware of the competitionFind the appropriate target markets for your productCustomers - demographics, market segment, target markets, needs, buying decisionsCurrent sales in the industrySuppliers that you will need to rely on
What are the basic ideas of Adam Smith and how do they shape modern economic theory?
Adam Smith's basic ideas revolve around the concept of free markets and the invisible hand. He believed that individuals pursuing their own self-interest would unintentionally benefit society as a whole. This idea has shaped modern economic theory by influencing the development of capitalism and the belief in minimal government intervention in markets. Smith's ideas have also contributed to the understanding of how markets work and the importance of competition in driving economic growth.
