Effective factor abundance (有效要素丰裕 yǒuxiào yàosù fēngyù) refers to the factor endowment of a country, which determines the appropriate or feasible range of factor use proportion of its industries; it also determines the appropriate or feasible range of factor price.
- 有效 (yǒuxiào) derives from
- 要素 (yàosù) as in key factor (关键要素 guānjiàn yàosù) or common factor (共同要素 gòngtóng yàosù).
- 丰裕 (fēngyù) derives from
Also see: abundant in that factor; factor.» Add a new term or correction« Back to Glossary Index