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Faktormarkt

English translation: factor market

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Faktormarkt
English translation:factor market
Entered by: Alison Schwitzgebel
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18:53 May 9, 2003
German to English translations [PRO]
Bus/Financial / Management theory
German term or phrase: Faktormarkt
"Die ... Managementforschung erkannte damit nicht zuletzt die Bedeutung der intangiblen Ressourcen als entscheidender Basis zur Differenzierung von Unternehmen im Zeitalter expandierender Güter- und Faktormärkte an."

It's one of those ones I know I should know but I just can't think of it right now.
Alison Schwitzgebel
France
Local time: 17:59
factor markets
Explanation:
according to Samuelson/Nordhaus, "Economics", 17th ed.

"Dollar votes of consumers (households, governments, and foreigners) interact with business supply in the product markets, helping to determine what is produced. Business demand for inputs meets the supply of labor and other inputs in the factor markets to help determine wage, rent, and interest payments; incomes thus influence for whom goods are delivered. Business competition to buy factor inputs and sell goods most cheaply determines how goods are produced."
Selected response from:

Esther Wiemeyer
Local time: 17:59
Grading comment
duh... shoulda known it was that simple. Thanks!

4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2factor markets
Esther Wiemeyer


  

Answers


7 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
factor markets


Explanation:
according to Samuelson/Nordhaus, "Economics", 17th ed.

"Dollar votes of consumers (households, governments, and foreigners) interact with business supply in the product markets, helping to determine what is produced. Business demand for inputs meets the supply of labor and other inputs in the factor markets to help determine wage, rent, and interest payments; incomes thus influence for whom goods are delivered. Business competition to buy factor inputs and sell goods most cheaply determines how goods are produced."

Esther Wiemeyer
Local time: 17:59
Native speaker of: Native in GermanGerman
PRO pts in pair: 16
Grading comment
duh... shoulda known it was that simple. Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Endre Both
15 mins

agree  Chinoise
21 days
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