Factor price (要素价格)

Factor price (要素价格 yàosù jiàgé) refers to the price that an individual pays for the factors needed to produce an output. For instance, an entrepreneur pays a certain wage to obtain the labor for production.

• 要素 (yàosù) as in key factor (关键要素 guānjiàn yàosù) or common factor (共同要素 gòngtóng yàosù).

• 价格 (jiàgé) as in the market price (市场价格 shìchǎng jiàgé) or floating price (浮动价格 fúdòng jiàgé).

Factor price (要素价格 yàosù jiàgé) word examples:

1. Factor price equalization (要素价格均等 yàosù jiàgé jūnděng).
2. Factor price insensitivity (要素价格不敏感 yàosù jiàgé bùmǐngǎn).
3. Factor pricing (要素定价 yàosù dìngjià).