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.

Factor Pricing - Applied Economics

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

  1. Introduction to Factor Pricing
  2. Concept of Factor Pricing
  3. Aspects Of Factor Of Production
  4. Theories of Factor Pricing
  5. Modern Theory of Factor Pricing (Demand and Supply Theory)
  6. Demand for a Factor of Production
  7. Supply of a Factor of Production
  8. Determination of Market Price of a Factor
  9. Criticism of Demand and Supply Theory




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BCA 6th Semester Applied Economics Notes Pdf:

  1. Unit I: Introduction Of Economics - Applied Economics
  2. Unit II: Theory Of Consumer Demand - Applied Economics
  3. Unit III: Analysis Of Cost And Revenue - Applied Economics
  4. Unit IV: Theory Of Production - Applied Economics
  5. Unit V: Product Pricing - Applied Economics
  6. Unit VII: National Income - Applied Economics
  7. Unit VIII: Theory Of Employment - Applied Economics
  8. Unit IX: Consumption Saving And Investment Functions - Applied Economics
  9. Unit X: Business Cycle - Applied Economics
  10. Unit XI: The Mechanism Of Foreign Exchange - Applied Economics
  11. Unit XII: Macro Stabilizing Policies - Applied Economics
  12. Unit XIII: Economics of Development - Applied Economics