Question

(B) Difference between Factor cost 1 poin
and Market Price
Net direct taxes
O Net indirect taxes
O Direct taxes
O Indirect taxes​

Answer 1

Answer:

Money value of final goods and services produced can be estimated in two ways — at factor cost (FC) and at market price (MP). Simply put, difference between FC and MP is 'net indirect tax'. ... If sum of factor payments in production of a commodity is, say र 1 lakh, then value of the product at factor cost is र 1 lakh.