English
English version

factor cost

From Longman Business Dictionary
Related topics: Finance, Economics
factor costˈfactor cost [countable] ECONOMICSACCOUNTINGa cost related to a FACTOR OF PRODUCTION, such as land, capital, or LABOUR (=work)Unusually high factor costs in the area make the London operation less profitable. cost
Pictures of the day
What are these?
Click on the pictures to check.