In economic theory, the price of a finished item affects the factors of production, the various costs and incentives of producing it, so as to `attract` it toward a theoretical Factor price. Simply put, factor price is why the price of an item tends to approach the cost of producing it. There has been much debate as to what determines factor pri.....
Found on
http://en.wikipedia.org/wiki/Factor_price
The price paid for the services of a unit of a primary factor of production per unit time. Includes the wage or salary of labor and the rental prices of land and capital. Does not normally refer to the price of acquiring ownership of the factor itself, which might be called the 'purchase price.'
Found on
http://www-personal.umich.edu/~alandear/glossary/f.html
No exact match found.
