factor market in a sentence
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- The interaction between product and factor markets involves the principle of derived demand.
- The issue is different with respect to factor markets.
- The four main research areas are : factor markets and growth; the international financial and monetary system; EU economy; international trade models.
- As a coordinating mechanism for socialist economics, economic planning substitutes factor markets and is defined as a " direct " allocation of resources.
- Other official impediments to rapid economic growth after 1974 included all-pervasive price regulation, as well as heavy-handed intervention in factor markets and the distribution of income.
- The existence of factor markets for the allocation of the factors of production, particularly for capital goods, is one of the defining characteristics of a market economy.
- Because labor is the most important factor of production, this article will focus on the competitive labor market, although the analysis applies to all competitive factor markets.
- They may try but this would involve making higher bids in the factor market which itself is supply-constrained-thus raising factor prices and hence the price of goods in general.
- "I would say the platelet growth factor market will cap out in the $ 500 million range, " said Richard van den Broeck, an analyst with Hambrecht & Quist.
- In a capitalist economic system, production is carried out for private profit, and decisions regarding investment and allocation of factor inputs are determined by business owners in factor markets.
- It's difficult to see factor market in a sentence .
- And the path of interest and wage rates must be such as to clear ( equate supplies to their respective demands ) these factor markets at each point in time.
- They may try but this would involve making higher bids in the factor market which itself is supply-constrained thus raising factor prices and hence the price of goods in general.
- "I would say the platelet growth factor market will cap out in the $ 500 million range, " said Richard van den Broeck, an analyst with Hambrecht & AMP; Quist.
- They may try but this would involve making higher bids in the factor market which itself is supply-constrained thus raising factor prices and hence the price of goods in general.
- Within neo-classicism, the authors addressed consumer behaviour ( in the form of indifference curves and simple versions of revealed preference theory ) and marginalist producer behaviour in both product and factor markets.
- It indicates that the producer would be able to utilise spare factor markets ( factors of production ) at its disposal and hence respond to changes in demand to match with supply.
- Although the Lange Lerner model was often labelled as " market socialism ", it is better described as " market simulation " because factor markets did not exist for the allocation of capital goods.
- However, this relationship breaks down if the firm does not face perfectly competitive factor markets ( i . e ., in this context, the price one pays for a good does depend on the amount purchased ).
- According to the Cambridge, England, critics, this analysis is thus a serious challenge, particularly in factor markets, to the neoclassical vision of prices as indices of scarcity and the simple neoclassical version of the principle of substitution.
- As a result, social democracy became associated with Keynesian economics, state interventionism, and the welfare state, while abandoning the prior goal of replacing the capitalist system ( factor markets, private property and wage labor ) with a qualitatively different socialist economic system.
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