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Product market is where goods and services produced by businesses are sold to households. The households use the income they receive from the sale of resources to purchase the products. The money they spend is returned to the businesses as revenue. Product market regulation is an economic term that describes restrictions in the market.
Product market regulation
The least regulated product markets were in:
- The United Kingdom
- United States
- New Zealand
- OECD (2005), "Product Market Regulation in OECD Countries: From 1998 to 2003", in OECD, Economic Policy Reforms 2005: Going for Growth, OECD Publishing. DOI: http://dx.doi.org/10.1787/growth-2005-5-en