What is Factor Cost
Factor cost or national income by type of income is a measure of national income or output based on the cost of factors of production, instead of market prices. This allows the effect of any subsidy or indirect tax to be removed from the final measure.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Factor cost
Chapter 2: Labour economics
Chapter 3: Microeconomics
Chapter 4: Natural monopoly
Chapter 5: Perfect competition
Chapter 6: Opportunity cost
Chapter 7: Marginal revenue productivity theory of wages
Chapter 8: Profit maximization
Chapter 9: X-inefficiency
Chapter 10: Marginal cost
Chapter 11: Pigouvian tax
Chapter 12: Organic composition of capital
Chapter 13: Output (economics)
Chapter 14: Consumption of fixed capital
Chapter 15: Heckscher-Ohlin model
Chapter 16: Prices of production
Chapter 17: Production (economics)
Chapter 18: Profit (economics)
Chapter 19: Factor market
Chapter 20: Surplus value
Chapter 21: Transfer pricing
(II) Answering the public top questions about factor cost.
(III) Real world examples for the usage of factor cost in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Factor Cost.
