THE ROLE OF A CAPITAL MARKET IN A MARKET ECONOMY

In economic theory any kind of production can definitely be based on three factors of production, i.e. labor, natural resources and capital. Consequently, these three definite productive factors have been, and still are, subject lo research work and thus have emerged into special fields of economic theory, such as labor economics, agricultural economics, theory of capital, etc. The mar¬kets of these areas are also considered to be subjects of special research, with the exception of capital markets.