factor cost

(redirected from factor costs)
Also found in: Dictionary.

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.
Mentioned in ?
References in periodicals archive ?
The third elements factor cost subsystem has two indicators, namely "average wage (X7) and fixed asset investment in the proportion of loans to finance (X8)".
A new approach factor- entropy with application to business costs of SMEs in Shanghai
As for profits, interest, depreciation, and land rent, they are added or adjusted to eliminate further divergences between established prices and factor costs.
In sum, what we are suggesting here is that the size of the implicit grants economy can be measured by the gross divergences between market prices and adjusted factor costs.
The economics of grants and exchange: the transactions matrix
It must be underscored that cost advantage grows as much out of efficient-to-manufacture product designs and leading process technology as it does out of factor costs oz" even economies of scale.
Michael E. Porter. The Competitive Advantage of Nations
The factor costs associated with input of the capital factor consist of two components.
The same price indexes (producer and consumer price indexes) will be used, and unit factor costs will be estimated from ratios of factor input expenditures to corresponding real output estimates.
An economic interpretation of the Gibson relationship
In doing so, they take an Integrated view of costs: factor costs, scale advantages, productivity, and also - most importantly - the potential savings in design-to-cost.
Make versus buy: the wrong decisions cost
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.
Physicians and economics: a commentary
Equation 3 sums the value added by the sectors, to give the gross domestic product at factor costs.
A simple inter-industry model of Pakistan, with an application to Pakistan's sixth five-year plan
Industrial structure of GDP at factor cost series on the SIC 1980 basis.
Production structure and performance indicators

Financial browser ?
Full browser ?