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.

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).
» Add a new term or correction« Back to Glossary Index