Relationship between the product market and factor market
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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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a factors market is a market in which companies buye the factors of production of the resources they need to produce their good and services.
Explanation:
The primary diff. b/w product markets &factor market is that factors of production like labor & capital are part of factors markets & products markets are markets for goods.
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