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Factor cost |
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Factor costThe cost of the factors used in production. The term is used especially when the value of economic activity in a sector or an economy can be measured or valued either at "factor cost," adding up payments to factors, or at "market value," adding up revenues from goods sold.Similar MatchesEarnings factorEarnings factorThis is a theoretical earnings figure that is used for working out state pensions or guaranteed minimum pensions. Direct-plus-indirect factor contentDirect-plus-indirect factor contentA measure of factor content that includes factors used in producing intermediate inputs, factors used in producing intermediate inputs to the intermediate inputs, and so forth. That is, it includes all primary factors that contributed however indirectly to production of the good. Contrasts with direct factor content. Currency factorCurrency factorThe portion of a rate of return that is due to the currency in which the asset is denominated. The currency factor can be nonzero either because of currency risk or because of expected appreciation or depreciation. Factor marketFactor marketThe market for a factor of production, such as labor or capital, in which supply and demand interact to determine the equilibrium price of the factor. Specific factors modelSpecific factors modelA model in which some or all factors are specific factors. The most common version is the Ricardo-Viner Model, with one specific factor (often capital or land) in each industry plus another factor (often labor) that is mobile between them. But an extreme form of the model, the Cairnes-Haberler Model, has all factors specific. Further SuggestionsCommon factorFactor abundance Factor content pattern of trade Specific factor Old line factoring International factor movement Factor intensity reversal Pool factor Factor Proportions Model Factor share Factor Factor intensity Total factor productivity One factor APT Factor scarcity price earnings growth factor Net benefit to leverage factor factoring Scarce factor Factor of production Conversion factors Factor bias Factor mobility Factor augmenting Factor portfolio |
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