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Meaning of "factor cost" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF FACTOR COST

factor cost play
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GRAMMATICAL CATEGORY OF FACTOR COST

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Factor cost is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES FACTOR COST MEAN IN ENGLISH?

Factor cost

Factor cost has the following uses in economics: ▪ 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. ▪ Factor cost can also refer to the unit cost of a particular factor of production, such as the wage rate or the rental rate of capital. ▪ Factor Cost or Factor Income are the incomes received by the owners of the production for rendering their factor services to the producers. Corresponding to the real flow of factor services from the households to the producers, there is a money flow from the producers to the households in the form of rent,interest,profit and wages. As a consequences of these flows, there is a production of goods and services in the economy.

Definition of factor cost in the English dictionary

The definition of factor cost in the dictionary is valuation of goods and services at their overall commercial cost, including markups but excluding indirect taxes and subsidies.

WORDS THAT BEGIN LIKE FACTOR COST

factor
factor analysis
factor in
factor of production
factor of safety
factor VIII
factorability
factorable
factorage
factorial
factorially
factories
factoring
factorisation
factorise
factorization
factorize
factorship
factory

WORDS THAT END LIKE FACTOR COST

accost
alecost
at any cost
baseline cost
capital cost
cost
distribution cost
low-cost
oncost
opportunity cost
Pentecost
plant cost
prime cost
replacement cost
standard cost
unit cost
variable cost

Synonyms and antonyms of factor cost in the English dictionary of synonyms

SYNONYMS

Translation of «factor cost» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF FACTOR COST

Find out the translation of factor cost to 25 languages with our English multilingual translator.
The translations of factor cost from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «factor cost» in English.

Translator English - Chinese

要素成本
1,325 millions of speakers

Translator English - Spanish

coste de los factores
570 millions of speakers

English

factor cost
510 millions of speakers

Translator English - Hindi

कारक लागत
380 millions of speakers
ar

Translator English - Arabic

عامل التكلفة
280 millions of speakers

Translator English - Russian

Стоимость фактор
278 millions of speakers

Translator English - Portuguese

custo dos factores
270 millions of speakers

Translator English - Bengali

ফ্যাক্টর খরচ
260 millions of speakers

Translator English - French

le coût d´un facteur
220 millions of speakers

Translator English - Malay

Kos faktor
190 millions of speakers

Translator English - German

Faktorkosten
180 millions of speakers

Translator English - Japanese

要素費用
130 millions of speakers

Translator English - Korean

요소 비용
85 millions of speakers

Translator English - Javanese

Faktor biaya
85 millions of speakers
vi

Translator English - Vietnamese

chi phí yếu tố
80 millions of speakers

Translator English - Tamil

காரணி விலை
75 millions of speakers

Translator English - Marathi

फॅक्टर कॉस्ट
75 millions of speakers

Translator English - Turkish

Faktör maliyeti
70 millions of speakers

Translator English - Italian

costo dei fattori
65 millions of speakers

Translator English - Polish

współczynnik kosztów
50 millions of speakers

Translator English - Ukrainian

вартість фактор
40 millions of speakers

Translator English - Romanian

costul factorilor
30 millions of speakers
el

Translator English - Greek

κόστους των συντελεστών παραγωγής
15 millions of speakers
af

Translator English - Afrikaans

faktor koste
14 millions of speakers
sv

Translator English - Swedish

faktorkostnad
10 millions of speakers
no

Translator English - Norwegian

faktor
5 millions of speakers

Trends of use of factor cost

TRENDS

TENDENCIES OF USE OF THE TERM «FACTOR COST»

The term «factor cost» is regularly used and occupies the 106.439 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
50
/100
The map shown above gives the frequency of use of the term «factor cost» in the different countries.
Principal search tendencies and common uses of factor cost
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «factor cost».

FREQUENCY OF USE OF THE TERM «FACTOR COST» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «factor cost» during the past 500 years. Its implementation is based on analysing how often the term «factor cost» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about factor cost

EXAMPLES

10 ENGLISH BOOKS RELATING TO «FACTOR COST»

Discover the use of factor cost in the following bibliographical selection. Books relating to factor cost and brief extracts from same to provide context of its use in English literature.
1
Business Economics
It is evident from the diagram that ARP curve is the reciprocal of the U-shaped average cost curve, MRP curve is always to the left of ARP curve and MRP curve cuts ARP curve from its top point E. □ (B) Cost of the Factor Cost of the factor ...
TR Jain, OP Khanna, 2008
2
Microeconomics
The reason is that the supply of labor that the monopsonist faces is the market supply of labor. Marginal factor cost increases as the monopsonist buys additional units of a factor, and the supply curve of the factor is not the same as the firm's ...
Roger A. Arnold, 2013
3
Guide to Economic Indicators: Making Sense of Economics
Market prices, factor cost and basic prices Many transactions are subject to taxes and subsidies. Sales tax or valueadded tax (VAT) and subsidised housing are obvious examples. The expenditure measure of GDP records market prices, which ...
The Economist, 2011
4
Macroeconomics and Elementary Statistics
I (7) Net National Product at Factor Cost or National Income Net National Product at factor cost is total earning of all factors, in the form of wages, rent, interest and profit and net factor income from abroad. This is also called National Income.
TR Jain
5
Basic Economics
(ii) Difference between Net Domestic Product at Factor Cost and Net Domestic Product at Market Price The main difference between net domestic product at factor cost and net domestic product at market price is that net domestic product at ...
6
Economic Environment Of Business 2Nd Ed.
Hence, the market price faced by the households while purchasing commodities is same as the factor cost faced by the producers of these commodities. However, when government imposes taxes on commodities and provides subsidies to the ...
Pailwar
7
Economics (for BTM - 1)
A firm will make demand for a factor upto the point where its marginal factor cost is equal to its marginal revenue productivity. Accordingly, marginal productivity curve constitutes the demand curve of a competitive firm for a given factor. For the  ...
TR Jain, OP Khanna
8
Business Environment
The national income measurement is carried out, based on market prices and at Factor Cost. These can be specified as follows:4 GNP at market prices - Indirect taxes + subsidies = GNP at Factor Cost GNP at Factor Cost - Net Factor Income ...
Paul, 2006
9
Macroeconomics
Subtracting out indirect taxes less subsides paid by the businesses to the government from the net output sold to final consumers gives the NDP at factor cost. NDP at factor cost is the aggregate of domestic incomes earned from the output ...
Errol D'Souza, 2009
10
Isc Economics For Class Xii
GNPat market prices - net indirect taxes = GNPat factor costs where net indirect taxes = total indirect taxes - business transfers - subsidies To get net national product at factor cost from gross national product at factor costs, we have to take ...

10 NEWS ITEMS WHICH INCLUDE THE TERM «FACTOR COST»

Find out what the national and international press are talking about and how the term factor cost is used in the context of the following news items.
1
In Capitalisation Sits the Key to Industrialisation
The policy focus should be on creating an industrial sector that translates those factor cost advantages into globally competitive products. «AllAfrica.com, Jul 15»
2
Energy-efficient home improvements don't pay for themselves: study
The information could derail builders' efforts to sell the concept of "green" homes to buyers, who most often factor cost above the environment ... «Construction Dive, Jul 15»
3
A Little Late . . . or Just In Time? re: Michigan et al. v. EPA
EPA, 748 F. 3d 1222 (2014) (per curiam) and remanded the proceeding, stating that EPA must factor cost into its “appropriate and necessary” ... «The National Law Review, Jun 15»
4
No monsoon blues for markets
In 2009-10, when the monsoon was almost 22 per cent below normal, the country's real GDP (at factor cost) growth recovered to 8.59 per cent ... «Hindu Business Line, Jun 15»
5
Maine Startup & Create Week: Food distributors challenged by …
From a seller's viewpoint, GrandyOats CEO Aaron Acker said it is important to factor cost into distribution. The Brownfield granola-maker started ... «Mainebiz Daily, Jun 15»
6
Bureaucracy hurdle to reforms: Rathin Roy
First, India moved to an internationally comparable system of calculating GDP at market prices from GDP at factor cost. Having done so, the ... «Livemint, Jun 15»
7
Cancer doctors offer way to compare medicines, including by cost
The major cardiology societies, for instance, are also now starting to factor cost into their evaluation of drugs. “The reality is that many patients ... «The Seattle Times, Jun 15»
8
Which N.C. university offers the best ROI?
“The increased cost of a college education makes it even more important that students factor cost, career goals and projected alumni outcome ... «Triangle Business Journal, Jun 15»
9
Asia Pacific
Aggregates are calculated using data compiled on a calendar year basis. Real GDP at factor cost, consistent with reporting practice in India; Source: World Bank ... «Interfax Global Energy, Jun 15»
10
College ROI 2025: PayScale Releases New Forecast On Higher …
“The increased cost of a college education makes it even more important that students factor cost, career goals and projected alumni outcome ... «PR Web, Jun 15»

REFERENCE
« EDUCALINGO. Factor cost [online]. Available <https://educalingo.com/en/dic-en/factor-cost>. May 2024 ».
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