Factor Market - Wiktionary

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English

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Noun

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factor market (plural factor markets)

1. (economics) The system or infrastructure for economic exchange within which factors of production (such as labor, materials, or capital) are purchased or sold.
   • 1942, John T. Dunlop and Benjamin Higgins, "“Bargaining Power” and Market Structures," Journal of Political Economy, vol. 50, no. 1 (Feb.), p. 24: The instance of a few buyers and many sellers in the factor market with many buyers and sellers in the product market is typified by the classic cases of unorganized wage-earners in company towns, for instance, textile and coal.
   • 2010 January 13, Maria Monica Wihardja, “G20 and East Asia: A forum for the Asian agenda”, in Jakarta Post, retrieved 25 January 2013:In China, for instance, there is still the need to liberalize the factor market, especially in the land and labor market.
   • 2011 June 6, Mary Rauto, “Price control to remain”, in Fiji Times, retrieved 25 January 2013:Fiji Commerce Commission chairman Dr Mahendra Reddy said . . . "They want no price control in the product market but they want price control in the factor market."

See also

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• product market

References

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• “factor market”, in OneLook Dictionary Search.

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