0
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
Add your answer:
Earn +20 pts
What is the difference between resource market and product market?
Wet wipes come in several diffrent flavours.
What is the difference between industry and market?
what is the differences between Industry and Market
What is the difference between market and floating market?
a floating market floats but an market dont float
What is the difference between market share and market position?
the best thing about like is love
Difference between market growth rate and market share?
kjo - What? Thomas, what doest that mean?
What is the difference between a 'market requirements' and an 'operations resource' view of operations strategy?
Ask Dr Alex bananas and he will answer you
What is the difference between resource market and product market?
Wet wipes come in several diffrent flavours.
Difference between expenditure on final goods and expenditure on intermediate goods?
The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.
What is the main difference between the labour market and goods market?
labour markets are fat and job markets are S**y
What is the difference between local market and national market explain with example?
what is the difference between local market and national market
What is the difference between industry and market?
what is the differences between Industry and Market
What is the difference between market and floating market?
a floating market floats but an market dont float
What is the difference between in the market and on the market?
In the market is where you do your buying and selling. On the market is where you put something that is for sale.
What is the difference between dealer and stock markets?
differance between stock market and dealer market?
What is the difference between factor and product market?
The difference between a factor market and a product market is that a factor market is a market where productive resources are bought and sold, while a product market is a market where products offer goods and services for sale.I copied this out of my econ book =)
What is the market cap for MFS Intermediate Income Trust MIN?
As of July 2014, the market cap for MFS Intermediate Income Trust (MIN) is $626,185,121.85.
What is the difference between market share and market position?
the best thing about like is love
