Factor market
id:
factor-market-312-929031
title:
Factor market
text:
In economics, a factor market is a market where factors of production are bought and sold. Factor markets allocate factors of production, including land, labour and capital, and distribute income to the owners of productive resources, such as wages, rents, etc. Firms buy productive resources in return for making factor payments at factor prices. The interaction between product and factor markets involves the principle of derived demand. A firm's factors of production are gotten from its economic
brand slug:
wiki
category slug:
encyclopedia
description:
In economics, a market where resources used in the production process are bought and sold
original url:
https://en.wikipedia.org/wiki/Factor_market
date created:
date modified:
2023-12-30T17:14:27Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/b/b8/Circular_flow_of_goods_income.png","width":2000,"height":1500}
fields total:
13
integrity:
15