Unit VI: Factor Pricing - Applied Economics

Factors of production can be defined as inputs used for producing goods or services with the aim to make an economic profit.

In economics, there are four main factors of production, namely land, labor, capital, and enterprise. The price that an entrepreneur pays for availing the services of these factors is called factor pricing.

In this “Factor Pricing - Applied Economics” you will learn about following topics:

Introduction to Factor Pricing
Concept of Factor Pricing
Aspects Of Factor Of Production
Theories of Factor Pricing
Modern Theory of Factor Pricing (Demand and Supply Theory)
Demand for a Factor of Production
Supply of a Factor of Production
Determination of Market Price of a Factor
Criticism of Demand and Supply Theory

========== Point to Note ==========

If you like to contribute, you can mail us BCA Notes, BCA Question Collections, BCA Related Information, and Latest Technology Information at bcanotespu@gmail.com.

See your article appearing on BCA Notes (Pokhara University) main page with your designation and help other BCA Students to excel.

Please write comments if you find anything incorrect, or you want to share more information about the topic discussed above.