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Factor market |
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Factor 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.Similar MatchesFactor Price Equalization TheoremFactor Price Equalization TheoremOne of the major theoretical results of the Heckscher-Ohlin Model with at least as many goods as factors, showing that free and frictionless trade will cause FPE between two countries if they have identical, linearly homogeneous technologies and their factor endowments are sufficiently similar to be in the same diversification cone. Conversion factorsConversion factorsRules set by the Chicago Board of Trade for determining the invoice price of each acceptable deliverable Treasury issue against the Treasury Bond futures contract. Factor intensity uniformityFactor intensity uniformityThe absence of factor intensity reversals. V Vacancy FactorV Vacancy FactorThe estimated percentage of vacancies in a rental project. May be based on past records of the property, or a professional guess if a new project. Surrounding area buildings, it similar, may be used for comparison. Factor abundanceFactor abundanceThe abundance or scarcity of a primary factor of production. Because, in the short run at least, the supplies of primary factors are more or less fixed, this can be taken as given for determining much about a country's trade and other economic variables. Fundamental to the H-O Model. Further SuggestionsFootloose factorFactor price frontier Factor bias Specific factors model earnings factor One factor APT Factor intensity Common factor Factor price Annuity factor Reported factor Factor Proportions Model Scarce factor Factor mobility factoring Factor space Factor proportions Factor share Factor endowment Specific factor Total factor productivity Multifactor model Factor of production Factor-saving Currency factor |
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