International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

Factor

Economy; International economics

1. Primary factor. 2. Sometimes refers to ''any'' input to production. 3. Anything that helps to cause something, as a "contributing factor. "

Factor cost advantage

Economy; International economics

A comparative advantage of a country, or a competitive advantage of a firm or national industry, that derives from low factor cost, as opposed for example to a superior technology.

A curve in factor space showing the minimum combinations of factor prices consistent with absence of profit in producing one or more goods, given their prices. Since, with perfect competition, profit ...

Factor productivity

Economy; International economics

1. The productivity of a single factor may refer to either its marginal or its average product. 2. Total factor productivity.

Factor proportions

Economy; International economics

1. The ratios of factors employed in different industries. See factor intensities. 2. The ratios of factors with which different countries are endowed. See factor endowments.