The types of factor market, which are represented in the above images, are,
A-Workforce or Labor for productivity
B- Land for workplace
C- Loan from financial institutions for capital purposes.
What is a factor market?
The different factors that are the requirements of a business or an organization to ensure the production of its goods and services is known as a factor market.
The four major factors of production that are required by every business organization are Land, Labor, Capital and Entrepreneur.
Hence, the significance of factor market is given above.
Learn more about a factor market here:
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