scarlett2173
scarlett2173 scarlett2173
  • 13-09-2020
  • Business
contestada

What is the difference between Product
Markets & Factor Markets?

Respuesta :

prernakaur15
prernakaur15 prernakaur15
  • 15-09-2020

Answer:

The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods. ... Anything used in making a finished product—labor, raw materials, capital, and land—make up a factor market.

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