Factor market - Definition

Factor market is a term used in economics. It is the bargaining system in which the prices of the various Factors of production are determined. Here services of the factors of production are bought and sold such as the labor markets, the Capital market, the market for raw materials and so on. Collective bargaining over wages is less common in the US. Even in Europe many occupations, for example domestic cleaners, have no collective bargaining at all.

Terms near "Factor market"

Factor model
Factor portfolio
Factor return
Factor's lien
Factors of production
Factory gate price
Factory Orders
Facultative reinsurance
FAD multiple
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