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INSIDER TRADING: The buying and selling of corporate stock or other financial instruments based on knowledge that is not widely available to the general public. Insider trading is most often undertaken by corporate executives or directors using information that they have acquired by working "inside" the company. Insider trading is illegal because it gives an unfair advantage to those on the inside. The president of a pharmaceutical company might be inclined to sell stock in the company using advanced information that the government is about to decline the patent application for a new drug.

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Lesson 23: Factor Market Equilibrium | Unit 1: Intro Page: 6 of 24

Topic: Unit Review <=PAGE BACK | PAGE NEXT=>

In this unit, you should have learned about:
  • Factor markets that exchange the services of the four factors of production -- labor, capital, land, and entrepreneurship.
  • The two sides of the factor market -- factor demand and factor supply.
  • The key role that marginal revenue product plays in factor demand.
  • The key role that marginal facto cost plays in factor supply.
  • How equilibrium applies to factor markets as a balance in the forces of factor demand and factor supply.
  • The role of competition in factor markets and how relatively different competition among buyers and sellers affects the factor market.
  • The role factor markets play in the overall economy as seen through the circular flow.


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WHOLESALE PRICE INDEX

An index of the prices paid by retail stores for the products they ultimately resell to consumers. The Wholesale Price Index (WPI) was the forerunner of the modern Producer Price Index (PPI) and was discontinued in 1978. Other noted price indexes used to track economic activity are the Consumer Price Index (CPI) and the GDP price deflator.

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APLS

BEIGE MUNDORTLE
[What's This?]

Today, you are likely to spend a great deal of time browsing through a long list of dot com websites trying to buy either a 50-foot blue garden hose or a turbo-powered vacuum cleaner. Be on the lookout for small children selling products door-to-door.
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This isn't me! What am I?

The Dow Jones family of stock market price indexes began with a simple average of 11 stock prices in 1884.
"Defeat is simply a signal to press onward. "

-- Helen Keller, author, lecturer

PRO RATA
According to the Rate (Latin)
A PEDestrian's Guide
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