Product market
In economics, the product market is the marketplace where final goods or services are sold to household and the foreign sector . Focusing on the sale of finished goods, it does not include trading in raw or other intermediate materials.[1]
Product market regulation is a term for the placing of restrictions upon the operation of the product market. According to an OECD ranking in 1998, English-speaking and Nordic countries had the least-regulated product markets in the OECD.[2] The least-regulated product markets were to be found in:
- United Kingdom
- Australia
- United States
- Canada
- New Zealand
- Denmark
- Ireland
According to the OECD, indicators for product market regulation include price controls, foreign ownership barriers, and tariffs, among other things.[2]
See also
[edit]References
[edit]- ^ "BusinessDictionary.com". Archived from the original on 2016-03-01. Retrieved 2016-02-26.
- ^ a b OECD (2005), "Product Market Regulation in OECD Countries: From 1998 to 2003", in OECD, Economic Policy Reforms 2005: Going for Growth, OECD Publishing. doi:10.1787/growth-2005-5-en