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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
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