Economics Activity No. 3 Factor Markets

. A re y o u a p ar t o f t h e f a cto r m ar ket? E co no m is ts r e fe r t o a ll o f t h e r e so urc e s t h a t f ir m sutili z e t o b uy, r e nt, o r h ir e t h e e q uip m ent t h e y u seto g ene ra te g ood s o r s e rv ic e s a s t h e " fa cto rm ark e t." T h e f a cto rs o f p ro d uc tio n ra w m ate ria ls ,la nd , la bor, a nd c a pit a l are w ha t a re r e q uir e d t om eet t h e se n e ed s. T h e f a cto r m ark e t is t y p ic a llyd iv id ed in to f o ur p art s b y e co no