In economics, a factor market is a market where factors of production are bought and sold. Factor markets allocate factors of production, including land, labour and capital, and distribute income to the owners of productive resources, such as wages, rents, etc.
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| - Faktormarkt (de)
- Factor market (en)
- 요소시장 (ko)
- Faktormarknad (sv)
- 要素市场 (zh)
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| - Der Faktormarkt (oder Beschaffungsmarkt; englisch factor market) ist in der Volkswirtschaftslehre ein Markt, auf dem Wirtschaftssubjekte als Anbieter und Nachfrager von Produktionsfaktoren oder Verfügungsrechten hierüber auftreten. (de)
- 요소시장(要素市場)은 생산과정에 투입되는 노동, 자본, 토지 등의 생산요소가 거래되는 시장을 의미한다. 생산요소시장에서는 가계가 생산요소의 공급자, 기업이 수요자의 위치에 놓이게 되며, 가계의 공급은 효용극대화이론을 통하여 형성되고 기업의 수요는 이윤극대화원리에 의해 결정된다. 생산요소의 가격과 고용량이 결정되면 소득의 크기가 결정되기 때문에 생산요소 시장 분석을 통해 소득분배에 대해서도 알 수 있게 된다. (ko)
- Faktormarknad är ett nationalekonomiskt begrepp för de marknader där produktionsfaktorer prissätts och omsätts. Produktionsfaktorerna är i nationalekonomin traditionellt indelade i tre huvudgrupper: arbete, kapital och naturresurser. Exempel på faktormarknader som studeras av nationalekonomer är arbetsmarknaden och marknaden för realkapital. Denna artikel inom nationalekonomi saknar väsentlig information. Du kan hjälpa till genom att lägga till den. (sv)
- 要素市场（英語：Factor market），又称生产要素市场，指進行生產要素交易的市場，是基本市场类型之一，其他基本市场类型還包括、金融市场。 在要素市场上，消费单位向出价最高的那些生产单位销售他们的劳动力及其他资源。要素市场分配着生产要素——土地、劳动力与资本，并向生产资源的所有者分配收入——工资、租金等等。 消费单位将把从要素市场上获得的收入中的大部分用于在产品市场购买商品与服务。如食物、住房、汽车等都是产品市场上销售的商品与服务。重要的要素市场包括和等。 (zh)
- In economics, a factor market is a market where factors of production are bought and sold. Factor markets allocate factors of production, including land, labour and capital, and distribute income to the owners of productive resources, such as wages, rents, etc. (en)
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| - Der Faktormarkt (oder Beschaffungsmarkt; englisch factor market) ist in der Volkswirtschaftslehre ein Markt, auf dem Wirtschaftssubjekte als Anbieter und Nachfrager von Produktionsfaktoren oder Verfügungsrechten hierüber auftreten. (de)
- In economics, a factor market is a market where factors of production are bought and sold. Factor markets allocate factors of production, including land, labour and capital, and distribute income to the owners of productive resources, such as wages, rents, etc. Firms buy productive resources in return for making factor payments at factor prices. The interaction between product and factor markets involves the principle of derived demand. A firm’s factors of production are gotten from its economic activities of supplying goods or services to another market. Derived demand refers to the demand for productive resources, which is derived from the demand for final goods and services or output. For example, if consumer demand for new cars rises, producers will respond by increasing their demand for the productive inputs or resources used to produce new cars. Production is the transformation of inputs into final products. Firms obtain the inputs (factors of production) in the factor markets. The goods are sold in the products markets. In most respects these markets work in the same manner as each other. Price is determined by the interaction of supply and demand; firms attempt to maximize profits, and factors can influence and change the equilibrium price and quantities bought and sold, and the laws of supply and demand hold. In the product market, profit or cost is defined as a function of output. The equilibrium condition is that MR=MC, i.e. the marginal equality of benefits and costs. Since the goods produced are made up of factors, output is seen as a function of factor in factor markets. In perfectly competitive markets firms can "purchase" as many inputs as they need at the market rate. 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. Labour markets are not quite the same as most other markets in the economy since the demand of labour is considered as a derived demand. It is important to note that as the number of workers increases, the marginal product of labour decreases, which implies that the process of output expresses diminishing marginal product. Each additional worker contributes less and less to output as the number of workers employed increases. 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. Traditional models of socialism were characterized by the replacement of factor markets with some kind of economic planning, under the assumption that market exchanges would be made redundant within the production process if capital goods were owned by a single entity representing society. (en)
- 요소시장(要素市場)은 생산과정에 투입되는 노동, 자본, 토지 등의 생산요소가 거래되는 시장을 의미한다. 생산요소시장에서는 가계가 생산요소의 공급자, 기업이 수요자의 위치에 놓이게 되며, 가계의 공급은 효용극대화이론을 통하여 형성되고 기업의 수요는 이윤극대화원리에 의해 결정된다. 생산요소의 가격과 고용량이 결정되면 소득의 크기가 결정되기 때문에 생산요소 시장 분석을 통해 소득분배에 대해서도 알 수 있게 된다. (ko)
- Faktormarknad är ett nationalekonomiskt begrepp för de marknader där produktionsfaktorer prissätts och omsätts. Produktionsfaktorerna är i nationalekonomin traditionellt indelade i tre huvudgrupper: arbete, kapital och naturresurser. Exempel på faktormarknader som studeras av nationalekonomer är arbetsmarknaden och marknaden för realkapital. Denna artikel inom nationalekonomi saknar väsentlig information. Du kan hjälpa till genom att lägga till den. (sv)
- 要素市场（英語：Factor market），又称生产要素市场，指進行生產要素交易的市場，是基本市场类型之一，其他基本市场类型還包括、金融市场。 在要素市场上，消费单位向出价最高的那些生产单位销售他们的劳动力及其他资源。要素市场分配着生产要素——土地、劳动力与资本，并向生产资源的所有者分配收入——工资、租金等等。 消费单位将把从要素市场上获得的收入中的大部分用于在产品市场购买商品与服务。如食物、住房、汽车等都是产品市场上销售的商品与服务。重要的要素市场包括和等。 (zh)
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