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- A product market is the economic marketplace where final goods or services are traded1. It is not limited by a physical location, but rather by the commercial environment of a given economic system1. A product market is different from a factor market, which refers to the employment of factors of production, such as labour, capital and land2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Definition: A product market is the economic marketplace where final goods or services are traded. It is not limited by a physical location since it refers to the commercial environment of a given economic system. What Does Product Market Mean? The product market is the place where supply and demand of final goods interact with each other.
www.myaccountingcourse.com/accounting-dictiona…Product and Factor Markets A product market refers to a place where goods and services are bought and sold A factor market refers to the employment of factors of production, such as labour, capital and land.www.economicshelp.org/blog/glossary/product-an… - People also ask
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