Answer:
The primary difference between product markets and factor markets is that:
Product markets are markets related to products, goods, tangible finished items. This is where you'll get your product for sale and where people will buy it.
while
Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills. This is what you'll use (including raw materials) to make your product.
Answer:
When the new processes are developed for manufacturing it results in interest rate fluctuations. However, operational costs would become uncertain which would further affect the total production costs. Thus the value of an investment would be impacted. Automobile demand from the customers will also get affected. thus, fall in interest rate will have a significant and positive affect on the sale of automobiles as well as revenue.
Answer:
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Explanation:
In 1861 McCoy began to work in the mule and cattle industry. He expanded his business to shipping large herds of cattle to slaughter and quickly recognized flaws in the system. ... One of the first cow towns, Abilene was built with extensive advertisement in Texas that encouraged cattlemen to send herds its way.
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