Interactive Glossary
BROWSE:
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Factor cost:
The price of an input used as a factor of production. The term can also be used to denote the value of output measured in terms of the cost of the
factors of production
used to produce it.
Add word to favorites
Previously viewed words:
Externalities
External shocks
External diseconomies of scale
External debt
External costs
External constraints
External benefits
Extent of a market
Extension
Expenses