L lordesf Member Joined Dec 25, 2006 Messages 320 Gender Male HSC 2008 Oct 10, 2008 #1 Hey all i been lookign through HSC Q and this one i totally went blank on? Distinguish between a factor market and a product market can anyone answer
Hey all i been lookign through HSC Q and this one i totally went blank on? Distinguish between a factor market and a product market can anyone answer
S S.T.P Member Joined Sep 5, 2006 Messages 54 Gender Male HSC 2008 Oct 10, 2008 #2 Product markets: where final G+S are sold factor markets: where productive inputs such as land labour and capital are bought and sold.
Product markets: where final G+S are sold factor markets: where productive inputs such as land labour and capital are bought and sold.
R runnable Active Member Joined Aug 20, 2006 Messages 1,412 Gender Male HSC 2008 Oct 10, 2008 #3 Lol I was stumped by that question too. But if we take it at face value its not hard to answer, as long as we don't imagine it as something we've never came across before.
Lol I was stumped by that question too. But if we take it at face value its not hard to answer, as long as we don't imagine it as something we've never came across before.
L lordesf Member Joined Dec 25, 2006 Messages 320 Gender Male HSC 2008 Oct 11, 2008 #4 yep.. hah anyway thx STP
