What type of transcations take place in the factor market

Market structures are conditioned by three main variables: number of producing companies in the market; product differentiation; barriers to entry for new companies.

In the goods and services market, the forms and markets according to these three characteristics are as follows: perfect competition, monopoly, monopolistic (or imperfect) competition, and oligopoly.

In the input market, the market forms are defined as perfect competition, imperfect competition, monopoly and oligopoly in the supply of inputs.

answer; i believe the best and correct answer is stronger bonds between the nations of africa;

recent improvements in technology/telecommunication/internet have increased the pace of globalization.

explanation:

recent improvements in technology have enhanced the pace of globalization. it is not difficult to recognize that technology has created the human race one big issue. there are several aspects to technology but they all serve to meet us the further. i can beat and be friends with a fellow, thousands of miles away. technology has also bridged the knowledge gap and has presented for the ready transfer of ideas and values.