Factor Price

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Factor Price

The price at which the means of production (that is, land, labor, capital and sometimes entrepreneurship) are sold. Economists disagree about what determines factor prices. Marxists and classical economists argue that factor prices represent the intrinsic value of the means of production. Other economists, however, believe that factor prices come from demand for the means of production.
References in periodicals archive ?
It appears that policy developments are driving market reforms and natural price corrections.
Without natural price signals for market adjustments, costs soar as resources are wrongly allocated, wasted, and squandered.
It would depend on what it is, if it exists, that gets equalized at the natural price.
A bit of fun and all of which goes to prove, natural price inflation aside, how money has exploded to become the prime-mover in football since the advent of the Premier League/Sky Sports axis in 1992.
We can see from this relationship that, if the output of gold remains constant and we have increasing returns in manufacturing, the natural price of manufacturers will decrease.
Smith's cost-of-production theory of natural price fails rationally because the theory places one floating theoretical structure atop three equally ungrounded notions, for wages, profit, and rent are all determined values themselves (Napoleoni, 1975, p.
In addition, the more open international markets see natural price compression from competition much the same as the US does.
There will be a natural price point where the market allows those peopleto live and work here, but we haven't reached that yet.
In the PKK's E[currency]emdinli attack, it was clear the organization targeted Kurdish civilians as some sort of natural price that had to be paid.
However, it must be recalled here that the price level of $ 128 per barrel was not a natural price at the time, and one that did not reflect market fundamentals of supply and demand.
The natural price gas won't change for consumers in Kyrgyzstan, the press service of the Kyrgyz gas company said.

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