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Factor price |
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Factor priceThe price paid for the services of a unit of a primary factor of production per unit time. Includes the wage or salary of labor and the rental prices of land and capital. Does not normally refer to the price of acquiring ownership of the factor itself, which might be called the "purchase price."Similar MatchesEarnings factorEarnings factorThis is a theoretical earnings figure that is used for working out state pensions or guaranteed minimum pensions. Factor endowmentFactor endowmentThe quantity of a primary factor present in a country. See endowment. Abundant factorAbundant factorThe factor in a country's endowment with which it is best endowed, relative to other factors, compared to other countries. May be defined by quantity or by price. 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. Direct factor contentDirect factor contentA measure of factor content that includes only the factors used in the last stage of production, ignoring factors used in producing intermediate inputs. Contrasts with direct-plus-indirect factor content. Further SuggestionsFactor Price Equalization TheoremSpecific factor Single factor model Factor augmenting Net benefit to leverage factor Pool factor Common factor Factor mobility Footloose factor Factor portfolio Factor-price space Factor Factor intensity Factor space Factor of production Factor share Factor bias Currency factor Factor price equalization One factor APT Factor-using Factor Proportions Model Factor content pattern of trade Scarce factor Factor content |
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