Product market is a mechanism that allows people to easily buy and sell product

Product (business)

In general, the product is defined as a "thing produced by labor or effort" or the "result of an act or a process", and stems from the verb produce, from the Latin prōdūce ' lead or bring forth'. Since 1575, the word "product" has referred to anything produced...

s. 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

Financial market

In economics, a financial market is a mechanism that allows people and entities to buy and sell financial securities , commodities , and other fungible items of value at low transaction costs and at prices that reflect supply and demand.Both general markets and...

 and labor market.

Product market regulation

According to a OECD ranking in 1998, English-speaking and Nordic countries

Nordic countries

The Nordic countries make up a region in Northern Europe and the North Atlantic which consists of Denmark, Finland, Iceland, Norway and Sweden and their associated territories, the Faroe Islands, Greenland and Åland...

 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:

1. The United Kingdom
2. Australia
3. United States
4. Canada
5. New Zealand
6. Denmark
7. Ireland

See also

Factor Market

Factor market (economics)

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.Firms buy productive resources in return for...

Product Marketing

Product marketing

Product marketing deals with the first of the "7P"'s of marketing, which are Product, Pricing, Place, and Promotion, Packaging, Positioning & People....