factor market
Word Rarity
Uncommon
Frequency: Zipf frequency 4.58 in modern English
23
Scrabble Score
12
Letters
4
Syllables
9
Unique Chars
Meaning
noun
The system or infrastructure for economic exchange within which factors of production (such as labor, materials, or capital) are purchased or sold.
Example Sentences
- "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."
- "In China, for instance, there is still the need to liberalize the factor market, especially in the land and labor market."
- "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.""
Inflected Forms
Phrases
product market
Frequently Paired Words
product market