whats the difference between factor markets and product markets?

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whats the difference between factor markets and product markets?

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04-01-2008, 01:53 AM

ineedhelp

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whats the difference between factor markets and product markets?

please help.thanks!
the definition I have is:
factor markets:markets where productive resources are brought & sold.
product markets:selling of goods & services to consumers.
I can't tell what the difference is.

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