Development and Improvement of Factor Markets in Wuhan City Circle

The development and improvement of the regional factor markets is a key part in building a regional market network, as well as insurance for the healthy and sustainable development of the regional economy. Regional factor markets have high transaction cost and property right cost, which have made them lag behind the regional product markets. The key to development relies on a correct understanding of the traits of the circulation system and environment of the regional factors. This paper makes a deep study of the development and improvement of regional factor markets in Wuhan city circle from the perspective of regional economy, which is meaningful for the allocation of regional resources.