3 years ago

What is the difference between a factor market and a product market?

History

2 answers:

sergey [27]3 years ago

8 0

Answer:

Product Market : Goods and services produced by businesses are sold to households.

Factor Market: Markets where services of the factors of production are bought and sold such as labor, capital, the market for raw materials, and the market for management or entrepreneurial resources.

Hitman42 [59]3 years ago

4 0

Answer:

product market is sold to households but factor farmers service of factor.

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