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 ?
Trade liberalisation in the form of a reduction in price of quota license causes a reduction in relative factor cost of firm 2 compared to firm 3.
Meanwhile, the GDP at factor cost and current prices reached EGP 2.243bn in December, compared to EGP 1.6506bn in July.
National income at factor cost deducts consumption of fixed capital and taxes on production and imports, thereby creating the difference in movements between Chart 1 and Chart 2.
In 2016 the value added at factor cost in the Industry amounted to BGN 19 271 million at current prices, which formed 39.7% of the total value of non-financial enterprises.
'The economic activity is projected to gradually accelerate over the medium term reaching 5.0 percent in 2017 and 5.4 percent in 2018, building upon 4.7 percent, GDP growth at factor cost in 2016 (5.7 percent at market prices)' according to WB's twice-a-year South Asia Economic Focus.
Virtuous Cycle:- States with high HDI as well as high Per Capita NSDP at factor cost and constant prices.
Policy [X.sub.1] -oriented [X.sub.2] [X.sub.3] Technology [X.sub.4] Innovation [X.sub.5] [X.sub.6] Factor cost [X.sub.7] [X.sub.8] Market operation [X.sub.9] [X.sub.10] System Meaning Policy Improve the ability of social security -oriented Government resource costs Government resource allocation capabilities Technology Knowledge resources Innovation Human Resources Human Resources Factor cost Human Resources Financial cost of capital resources Market operation Degree of development of the market Potential market growth rate Table 2.
Slide 2: GDP at Factor Cost: Quarterly (2010-11, 2011-12, 2012-13, 2013-14), Inflation Rate: Monthly (Jul 2013 - Dec 2013)
Real GDP at factor cost, consistent with reporting practice in Pakistan and India See Table SAR2, South Asia Regional Annex for details.
GDP at factor cost at constant (2004-05) prices in 2012-13 is estimated at Rs.54.8 lakh crore as against Rs.52.5 lakh crore in 2011-12, registering a growth of 4.5 per cent during the year as against a growth of 6.7 per cent in the year 2011-12, CSO said in a statement.
We'll study if there are supply shortages, either in terms of raw materials or in factor cost, like transportation or communication," Coloma said in Filipino.
At National Level Forestry's contribution in GDP at constant factor cost is estimated through consumption approach.