| 单词 | factor cost |
| 释义 | factor cost The value of goods and services at the prices received by sellers. This is the market prices paid by purchasers, minus any indirect taxes, plus any subsidies provided by the government. Factor cost is so called because the value of output at factor cost is the amount available to pay for bought-in inputs and for the services of the factors of production used. Factor cost thus involves treating any profits of the firms concerned as payment for factor inputs. |
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