the term factor market applies to the market for
Factor market In economics, a factor market refers to markets where services of the factors of production are bought and sold, such as the labor markets, the capital market, the market for raw materials, and the market for management or entrepreneurial resources.
Multiplication The numbers to be multiplied are generally called the "factors". The number to be multiplied is called the "multiplicand", while the number of times the multiplicand is to be multiplied comes from the "multiplier". Usually the multiplier is placed first and the multiplicand is placed second,[1] however sometimes the first factor is the multiplicand and the second the multiplier.[6] Additionally, there are some sources in which the term "multiplicand" is regarded as a synonym for "factor".[7] In algebra, a number that is the multiplier of a variable or expression (e.g., the 3 in 3xy2) is called a coefficient.