factor cost


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Factor Cost

The market value of a good or service at the retail level. The factor cost is equal to the price the customer pays, less any taxes (such as a VAT or a sales tax), and plus any subsidies the customer receives from the government.

factor cost

the value of goods and services produced, measured in terms of the cost of the FACTOR INPUT (materials, labour, etc.) used to produce them, that is, excluding any indirect taxes levied on products and any subsidies offered on products. For example, a product costing £10 to produce (including profit) and with a £1 indirect tax levied on it would have a market price of £11 and a factor cost of £10. See FACTORS OF PRODUCTION.
References in periodicals archive ?
Now, the GDP at market prices is just GDP at factor cost plus taxes minus subsidies.
L], and L are marginal factor cost, average factor cost, and quantity of a specific factor (L = 1, 2,.
An operational solution for the identification and measurement of implicit grants was indirectly provided by Abram Bergson (1953 and 1961) in his discussion of the Adjusted Factor Cost Standard (AFCS).
GDP at market prices - Factor Cost Adjustment + Net property income from abroad - Capital Consumption
The growth in GDP at factor cost during 2011-12, at 2004-05 prices, is estimated at 6.
In addition, Cirro Energy Services will perform power factor cost analysis, 4CP warning reviews and scenario analysis that will draw upon up-to-date information available from REP Cirro Energy.
Gross domestic product at factor cost, manufacturing industries, 2000.
Voting in X Factor costs 35p for mobile and BT landline votes.
now comes shades of and blue or combine Metallics on the John Galliano spring/summer 2011 catwalk, by Max Factor Costs uk eyes right Bobbi Brown's Metallic Long-Wear Cream Shadow, pounds 16, now comes infused with glistening sparkle.
Selecting four key international corridors in West, Central, East, and Southern Africa that connect ports of entry and exit to the hinterland, the study analyzes such factors as road network quality and coverage; factor costs such as fuel, labor, and equipment; market economics, including regulation, companies' organization, and transport and trade procedures and their impacts on transport prices and tariffs incurred by end users; transport costs incurred by commercial transport providers; and vehicle operating costs.
Because demand is diminishing and factor costs are high, no incentive exists to make the investments needed to put the facility costs back into the second phase or certainly into the first phase.
We say that we want health care coverage for everyone and that we want the best health care in the world, but we have not been willing to factor costs or rationing into any of the equations.