Product market


Product market

Product market is a mechanism that allows people easily to buy and sell products. Services are often included in the scope of the term. "Product market regulation" is an economic term that describes restrictions in the market.

Related terms are financial market and labor market.

Product market regulation

According to a OECD ranking in 1998, English-speaking and Nordic countries featured the least regulated product markets in OECD. [http://fiordiliji.sourceoecd.org/vl=633266/cl=27/nw=1/rpsv/cgi-bin/wppdf?file=5lgsjhvj755k.pdf]

The least regulated product markets were in:
#The United Kingdom
#Australia
#United States
#Canada
#New Zealand
#Denmark
#Ireland


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