Factors of production

Factor markets
A market place where factors of productionA market place where factors of production such as labourA market place where factors of production such as labour, capitalA market place where factors of production such as labour, capital, and resourcesA market place where factors of production such as labour, capital, and resources are purchased and sold.

Demand for factors of production
The willingness and ability of businesses to hire or employ factors of production.
The 3 most important determinants that shift the factor demand curve are:
product price,
factor productivity, and
prices of other factors.

Supply for factors of production
The willingness and ability of scarce resources or factors of production to offer their services for use in business activities.
Supply of factors is determined by:
resource prices, technology, other prices, expectations, and number of sellers.
income, preferences, and other prices-dd
Mobility of the factors.