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 ?
Figure 6 indicates the cumulative change in factor shares experienced by owners of other factors in the economy (following the categorization of factor incomes in the ABS national accounts data).
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.
Expenditures made on the total national product constitute, at the other end, the factor incomes, i.e.
[GRAPHIC OMITTED] Table 8 Household Income Billions of SEK, current prices, and percentage change 2004 2004 2005 2006 2007 Total earnings 1 039 2.5 3.5 5.3 5.4 Hourly earnings according to National Accounts (NA) (1) 3.0 3.4 3.8 4.1 Hours worked (1) -0.5 0.2 1.5 1.2 Other factor incomes 238 2.8 2.0 2.9 6.5 Transfers from the general government sector 477 3.5 1.8 2.7 2.2 Transfers from the private sector 58 3.1 1.1 4.6 2.9 Taxes and contributions -512 3.3 1.2 3.1 6.4 Disposable income 1 301 2.6 3.4 4.8 4.0 Consumer prices (2) 1.3 0.9 1.1 1.3 Real disposable income 1.3 2.5 3.7 2.6 (1) Adjusted for differences between years in the number of working days.
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 2.8 times higher.
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.
Ultimate sources of funds [pounds]bn, calendar years 1997 1998 1999 2000 2001 From consumption 191.2 211.6 220.0 230.2 242.7 From saving 110.5 106.3 113.4 122.0 126.2 Factor incomes etc 13.6 7.9 10.6 10.3 9.9 Total sources of funds 315.4 325.8 344.1 362.4 378.9 Table 6.
National income (1-20) is the sum of the factor incomes. It is a net factor-cost measure (net of CFC) equal to the income that originates in the production of goods and services from labor and property supplied by U.S.
Market income is of interest as the definitional sum of factor incomes; it is also closer to factor shares in national income.