Factor Markets Crash Course
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Last updated 5:31 PM on 11/10/25
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5 Terms
1
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Factor Markets/Resource Markets
markets where things like, land, labor and capital are traded. The goal is that they are allocated efficiently to the firms that will use them to provide goods and/or services.
2
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4 factors of production
land, labor, capital & entrepreneurship
3
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What are the two kinds of capital?
physical &
4
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w
c
5
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w
w
Note 
Flashcards (156)