Question

List down 10,10 real world examples of input and output markets (domestic and international)

Answer 1

Answer:

1) Example of an input market: you are an employee at CVS

input ⇒ labor (your work)

2) Example of an output market: you purchase medicines at CVS

output ⇒ goods (medicines)

3) Example of an input market: you deposit your savings at a bank

input ⇒ capital (savings)

4) Example of an output market: a company gets a loan from the bank

output ⇒ capital (loan)

5) Example of an input market: you have 2 houses and rent one of them

input ⇒ land (real estate)

6) Example of an output market: you rent a room at the university's dorm

output ⇒ land (room)

7) Example of an input market: a foreign company sells oil to the US

input ⇒ land (oil)

8) Example of an output market: an American company exports PVC products

output ⇒ goods (PVC products)

9) Example of an input market: you purchase bonds from Costco

input ⇒ capital (your money)

10) Example of an output market: Costco pays interest (coupons) to its bondholders

output ⇒ capital (interests)

Explanation:

Input factors are the resources used to produce goods and services.

Output factors are the goods or services that are produced using input factors.