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

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02-02-2017
Business

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

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shty405 shty405 · Answer 1 · 2017-02-13T19:28:24+01:00

shty405 shty405

13-02-2017

factor markets are concerned with markets or inputs in a production process (such as labor capital ect.) whereas product markets refer to the market for the final goods such as hamburgers, cars

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