The types of factor market, which are represented in the above images, are,
A-Workforce or Labor for productivity
B- Land for workplace
C- Loan from financial institutions for capital purposes.
<h3>What is a factor market?</h3>
The different factors that are the requirements of a business or an organization to ensure the production of its goods and services is known as a factor market.
The four major factors of production that are required by every business organization are Land, Labor, Capital and Entrepreneur.
Hence, the significance of factor market is given above.
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