factor income

(redirected from Factor Incomes)

Factor Income

The income one derives from the sale of the means of production, namely land, labor and capital. Rent is the factor income from land; wages and salaries are the incomes from the sale of labor. Finally, dividends represent factor income from capital.

factor income

see NATIONAL INCOME.
References in periodicals archive ?
The Norwegian model for wage settlements (Frontfagsmodellen) should contribute to long term stability in the distribution of factor incomes in manufacturing.
Conversely, the surplus in the current account of factor incomes and transfers decreased by 121 MD to 455 MD in the first five months of 2017.
f] represents wages and factor incomes and F represents the profits.
The factor incomes are reckoned in terms of factor incomes of residents abroad and non-residents living in the country.
Since this is not typically the case even for data on industrialized countries, this paper provides two novel methods in an attempt to compute tax ratios more precisely, following the suggestions by Gollin (2002) to calculate factor incomes at the aggregate level.
More important, however, in an economy with directed R&D, relative supply changes also affect relative factor incomes, depending on the degree of substitutability.
Compared to total incomes in the PRHS survey results, however, factor incomes of medium and large farmers in the SAM are only 2.
Thus GDP can be measured either as the market value of final product or as the total of the gross factor incomes, indirect taxes less subsidies used in producing it.
The top 20 per cent of adults earn 45 per cent of factor incomes, whereas the bottom 20 per cent earn only 4 per cent.
However, domestic factor incomes will decrease if the trading partner is more advanced, since a larger share of the country's labor force will be employed in the agriculture sector.
Firms flourished, but workers suffered; at the two major textile firms, profits reached 60 percent of total factor incomes in 1942-1943.
GNI is measured by summing the factor incomes of the same households, firms, and governments that are included in GDP.