162k views
0 votes
What is a market price factor?

1 Answer

1 vote
“Total cost of all factors of production consumed or used in producing a good or service. ... Market price: Market price is the price at which a product is sold in the market. It includes the cost of production in the form of wages, rent, interest, input prices, profit etc”
User Husam Ebish
by
9.0k points

No related questions found