Online College Courses for Credit

3 Tutorials that teach Factor Markets
Take your pick:
Factor Markets

Factor Markets

Author: Catherine Barry

This lesson will explain the economic idea of factor markets.

See More
Fast, Free College Credit

Developing Effective Teams

Let's Ride
*No strings attached. This college course is 100% free and is worth 1 semester credit.

29 Sophia partners guarantee credit transfer.

311 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 27 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Terms to Know

Material assets in the form of money or machinery used as a factor of production.

Factors of Production

Resources defined as land, labor, and capital that are necessary to produce output.

Final Goods

Products ultimately produced.

Intermediate Goods

Products or services used to generate other goods.


Human service that contributes to the creation or distribution of goods or services.


A factor of production that occurs naturally in the form of real estate or organic assets.

Natural Resources

Organic material found in its natural habitat.


Specialized production techniques.