Discussion Post: Factor & Product Markets
What a great session on resource and market structures we are having! Now, you get the opportunity to talk about the difference between the two types of structures with your colleagues. Locate a firm in the U.S. or in the country where you reside and distinguish the difference between factor markets and product markets. Examine how households influence factor markets and discuss.
Locate a recent article or event (published within the last year) that highlights your relevant microeconomics topic. Use the Hunt Library, newspapers, new stations, or other credible sources to discuss how your topic aligns with microeconomics. Include the following in your discussion:
a) State the article or event you selected.
b) Identify the microeconomic concept(s).
c) Describe your findings.
d) Analyze the relevance to real-life applications.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.