Question

What is factor equalization in international economic?

Answer 1

hi

Factor price equalization is an economictheory, by Paul A. Samuelson which states that the prices of identical factors of production, such as the wage rate, or the rent of capital, will be equalized across countries as a result of international trade in commodities

Answer 2

Explanation:

Factor price equalization is an economic theory, by Paul A. Samuelson (1948), which states that the prices of identical factors of production, such as the wage rate or the rent of capital, will be equalized across countries as a result of international trade in commodities.