Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
labor
definition of land resource
gold market is the best example of local market....
Most economies and industrialized states, such as and including the United States of America, are free market systems. A command market economy, with the chief example of the bygone Soviet Union has the state (as opposed to the market) determine production and resource allocation.
To make it complex, resource market are the market that sell RAW materials, which can be divided into three type - Natural resource market, which sell all goods and service obtained from our environment, such as lumber, oil, and etc. - Human resource market, which mean the labor demand and supply (The needs of employees) - Financial resource market, which means the provision of finance service, such as banks While industrial market, sell goods and services that has been manufactured from industrial market As example, Resource market sell Lumber, and Intermediate market buy the goods that has been processed from Industrial market. Intermediate market consist of retailers and wholesalers. To make it easier to understand Resource market - Sell item from nature, or in form of labor. E.g Crops, oils, milk Intermediate market - Sell goods that "Resource market" sold to "industrial market" and has been processed by "Industrial market" e.G Resource market - "Chop trees" - gain lumber, and sell Industrial market - Buy lumber, manufacture "processed wood" from lumber Intermediate market - buy the processed wood and sell it to consumer
The resource market represent a platform for exchange. People are able to exchange their products or services for money at the market.
An example of a flow resource is wind or sunlight
Let me explain with a house/flat sale. Resource market for this includes the labor that includes to build a house, and also the window grills, wooden doors and all other things which should be necessary to build a house. Product market for this the market to which the house is sold.
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
Danusy
As of July 2014, the market cap for Exeter Resource Corporation (XRA) is $66,305,814.75
As of July 2014, the market cap for Gold Resource Corporation (GORO) is $287,692,449.39
As of July 2014, the market cap for Alexco Resource Corp (AXU) is $75,088,677.60
As of July 2014, the market cap for Augusta Resource Corporation (AZC) is $537,249,996.45
As of July 2014, the market cap for Resource Capital Corp. (RSO) is $719,632,141.47.
A natural resource.