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Definitions from the Web

Input Markets

Definition: Input markets refer to the economic concept where various resources, goods, and services are bought and sold for the purpose of producing other goods and services. These resources include labor, raw materials, machinery, and other inputs required for production.

Senses and Usages:

1. General Sense: In a general sense, input markets encompass the buying and selling of all resources necessary for the production process. These resources can be further classified into labor, capital, and natural resources.

Example Sentence: Many companies actively participate in input markets to acquire the necessary resources to manufacture their products.

2. Labor Input Market: A specific type of input market where the focus is on the buying and selling of labor services. It involves the labor force and the payment for their work, such as wages and salaries.

Example Sentence: The labor input market experienced a drastic change in demand due to the automation of certain jobs.

3. Raw Material Input Market: This refers to the input market dealing with the trade of raw materials needed for production. It involves the purchase and sale of substances in their unprocessed state.

Example Sentence: The raw material input market was greatly affected by the spike in global prices of steel and iron ore.

4. Capital Input Market: The capital input market focuses on the exchange of machinery, tools, equipment, and other physical assets necessary for production.

Example Sentence: To expand their business, the company entered the capital input market to acquire advanced manufacturing equipment.

5. Input Market Dynamics: This term describes the behavior and patterns observed in input markets, including factors like supply and demand, pricing, and market fluctuations.

Example Sentence: Understanding the input market dynamics allows companies to make informed decisions regarding resource procurement.

Related Products on Amazon:

• Input Market Analysis: Methods and Applications
• The Economics of Input-Output Analysis
• Handbook of Input-Output Economics in Industrial Ecology