factor cost - the price paid for the use of the factors of production: rent for land and natural supplies; wages and salaries for labour; interest for capital; and profits for enterprise, factor cost - the total costs of the factors of production usedin roducing an article and making up the price paid for it by the consumer. If a subsidy has been paid to the manufacturer, that will be added; and if the consumer has paid a tax, that will be taken off.
It is the part of the price paid by the consumer that represents the true cost of the factors of production. This factor cost, rather than the market price, is used as the basis for calculating the national income., ressursikulu - toote tootmiskulude osa, mis on otseselt seotud mingi tootmisteguriga; paljud muud kulud (nt aktsiisimaks) ei kulu ressursikulude hulka