Economy, asked by pritidebbarma, 6 months ago

what is factor cost??​

Answers

Answered by alam15hannan
2

Answer:

the cost of an item of goods or a service in terms of the various factors which have played a part in its production or availability, and exclusive of tax costs.

Answered by Anonymous
12

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. ... Factor costs include all the costs of the factors of production to produce a given product in an economy.

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