About: Factor cost

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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.

Attributes	Values
rdf:type	software yago:WikicatNationalAccounts yago:Abstraction100002137 yago:Communication100033020 yago:Evidence106643408 yago:Fact106636259 yago:History106514093 yago:Index106639674 yago:Indication106797169 yago:Information106634376 yago:Message106598915 yago:Record106647206 yago:WikicatEconomicIndicators
rdfs:label	Factor cost (en)
rdfs:comment	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. (en)
dcterms:subject	Gross domestic product National accounts
Wikipage page ID	1696377 (xsd:integer)
Wikipage revision ID	1013005459 (xsd:integer)
Link from a Wikipage to another Wikipage	Indirect tax Investment Macroeconomic Cost per action Empirical research Microeconomics Gross domestic product Balance sheet Capital (economics) Goods Goods and services Production (economics) Cost of capital National accounts Profit maximization Factors of production Substitution effect Shareholder Cost of labour National income Capital finance
Link from a Wikipage to an external page	https://www.persee.fr/doc/estat_0336-1454_2001_num_341_1_7472
sameAs	Factor cost Factor cost Factor cost Factor cost
dbp:wikiPageUsesTemplate	dbt:Verification dbt:Econ-stub
has abstract	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. The concept of factor cost is focusing on the cost incurred on the factor of production. It can be defined as the actual cost incurred on goods and services produced by industries and firms is known as factor costs. Factor costs include all the costs of the factors of production to produce a given product in an economy. It includes the costs of land, labor, capital and raw material, transportation etc. They are used to produce a given quantity of output in an economy. The factor cost does not include the profits made by the producing firms or industries or the tax which they incur on producing those goods and services. We can simply categorize it as the cost of producing a product from unfinished good to a semi finished good or a finished good up to the desired output level. (en)
gold:hypernym	Measure
prov:wasDerivedFrom	wikipedia-en:Factor_cost?oldid=1013005459&ns=0
page length (characters) of wiki page	4600 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Factor_cost
is Link from a Wikipage to another Wikipage of	Construction industry of India Gross domestic product Outline of industrial organization
is foaf:primaryTopic of	wikipedia-en:Factor_cost

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