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 first approach modelled the downturn in the affected sub-regional economy, essentially providing an estimate of the changes in Regional Gross Product or factor incomes as a consequence of the natural disaster.
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.
GNI is measured by summing the factor incomes of the same households, firms, and governments that are included in GDP.
28) Own-account production of software is measured as the sum of production costs; in general, these costs consist of the following: Intermediate inputs; factor incomes, such as compensation of employees; nonfactor charges, such as indirect business taxes; and CFC.
In equilibrium, this raises the nominal interest rate, capital, output and factor incomes.
2] increases) outweighs the increase in domestic factor incomes.
Factor incomes are measured as compensation of employees, corporate profits (dividends, earnings of unincorporated affiliates, and reinvested earnings of incorporated affiliates), and interest.
w] = factor incomes of factor type w which can be wages, profits, etc.
GNP and GDP as well as gross national income and GDI differ by net receipts of factor incomes from the rest of the world.
Because of the preponderance of unincorporated enterprises and household industries, which either do not maintain accounts or are wholly managed by self-employed workers, the factor incomes generated cannot be separated into income accruing to labour and that accruing to other factors.