Markets
- Created by: Jordan626
- Created on: 08-05-15 09:49
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- Markets Market Sectors & Factors of Production
- Types of Markets
- Capital Goods Market
- Trade of capital goods
- Tools
- Trade of capital goods
- Consumer Market
- Finished consumer goods purchased by the end consumer
- Loaf of Bread
- Finished consumer goods purchased by the end consumer
- Industrial Market
- Goods which are used by industry- don't fall into capital goods section
- Sand
- Goods which are used by industry- don't fall into capital goods section
- Commodity Market
- Trade in raw materials which will later be finished goods
- Coffee Beans
- Trade in raw materials which will later be finished goods
- Specialist Markets
- Stock Market
- Trading of financial assets
- Foreign Exchange Market
- Buying and Selling of foreign currency
- Stock Market
- Capital Goods Market
- Market Sectors
- Tertiary
- Service Sector
- Transport
- Service Sector
- Secondary
- Involves taking raw materials produced and converting them into finished goods
- Electronics
- Involves taking raw materials produced and converting them into finished goods
- Quarternary
- Involves information management services such as research and development
- Education
- Involves information management services such as research and development
- Primary
- Involves the extraction of natural resources from the earth and the conversion of theses resources into raw materials
- Fishing
- Involves the extraction of natural resources from the earth and the conversion of theses resources into raw materials
- A Business is described as being 'Fully vertically integrated' if it operates across all sectors
- Tertiary
- Factors of Production
- Labour
- Employees who work directly and I directly to make the products
- Land
- Physical land and the minerals and raw material which can be extracted d from it
- Capital
- Finance need to start up the business
- Enterprise
- Management skills needed to bring all factors together
- Labour
- Types of Markets
- Financial Times Share Index (FTSE)
- used on the London stock exchange
- Specialist Markets
- Stock Market
- Trading of financial assets
- Foreign Exchange Market
- Buying and Selling of foreign currency
- Stock Market
- Lists top 1oo most profitable companies terms of share value
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