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Factor payments means is a wage or interest or rent or profit payment for a service of scarce resources, in return for a productive services.

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11y ago

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Related Questions

How do you define Non-wage factor?

non -wage factors are factor that are factor without payments


What is considered a good money factor when leasing a vehicle?

A good money factor when leasing a vehicle is typically around 0.001 to 0.002. Lower money factors mean lower interest rates and can result in lower monthly payments.


What do people supply in return for factor payments?

Land, labor, or capital.


What are the many payments for the factors of productions called?

The payments for the factors of production are called factor payments. These include wages for labor, rent for land, interest for capital, and profits for entrepreneurship. Each payment corresponds to the respective factor's contribution to the production process. Collectively, these payments represent the income generated from the use of productive resources in an economy.


What are two types of payments of factors of production?

There arent only 2 payments of production and it depends on which factor of production you're talking about. For Labour - the payment to the factor is Wages, For Capital - Interest For land - Rent Entrepreneurship - Profits These payments to the factos of production are provided by the firms. M x


What does monthly housing payments mean?

It means that you have to make monthly payments on your house.


What does extract of payments mean?

extracted payment mean


Does social security payments count in figuring out the payment made to the bankruptcy court?

Social security payments are not a factor in the means test. However, they are a factor in terms of your budget and as to how much you have available to repay creditors under Chapter 13.


What is the factor payments in different market structures both in factor and product market?

In different market structures, factor payments vary based on the level of competition and pricing power. In perfect competition, factors like labor and capital are paid according to their marginal productivity, leading to equal wage rates across firms. In monopolistic markets, firms may pay higher wages or rents to attract talent or resources due to their pricing power, while in oligopolistic markets, factor payments can be influenced by strategic interactions among firms. In the product market, prices reflect the degree of competition, affecting the revenue available for factor payments.


What does aggregate lease payments mean?

The sum of all payments including principle and interest.


What does bop mean in business?

Balance of payments


What do you mean by balance of payements?

I mean "how many payments do you still need to make?".