a business that buys trade debts from client firms (at some agreed price below the nominal value of the debts) and then arranges to recover them for itself. SeeFACTOR MARKET,FACTORING. Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005 ...
Define determining factor. determining factor synonyms, determining factor pronunciation, determining factor translation, English dictionary definition of determining factor. Noun 1. determining factor - a determining or causal element or factor; "educat
Explanations for why the world grows faster today than in the past should feature diminishing returns and market size effects in the lead role, and relegate savings and human capital to a secondary one. But explanations of why some countries grow faster than others should do exactly the opposite...
Innovations in communications technology such as the Internet, in particular the ability to transmit large bolumes of data instantly, and at close to zero marginal cost to large populations around the world, is an innovation which most certainly must qualify as a GPT by almost any definition. ...
factor of production inEconomics topic From Longman Business Dictionaryˌfactor of proˈductionnoun(pluralfactors of production)[countable]something that is needed to produce a particularproduct. Themainfactorsofproductionareland,labour, andcapitalInner-urban areas provide ideal factors of production for...
“The market factor, which is similar to the beta factor of thecapital asset pricing model, still assumes higher returns for higher risk, while a low-volatility factor would assume the opposite. An alternative approach would be to scrap the market factor altogether, but they did not choose...
enterprises, as large-scale enterprises have higher market credibility and capital absorption than small-scale enterprises, and thus the impact of digital transformation on total factor productivity of large-scale enterprises is obvious. Fourth, in the study of heavy polluters, this paper finds that ...
The quantity demanded of a commodity represents the quantity a person is willing and able to buy at the prevailing market price within a given period of time. The demand for a commodity is influenced by many factors such as the price of the commodity, government policies, p...
Under the background of the deepening of socialist market economy, the breeding mode of “small scale, large group” is no longer in line with China’s national conditions, and moderately large-scale breeding will become the mainstream of the industry. Compared with the traditional small-scale ...
Therefore, according to Joan Robinson, when imperfect competition prevails in the product market, labour and other factors, (i.e., factors other than the entrepreneur) are exploited by the entrepreneur. But many economists, especially E.H. Chamberlin, do not agree with Robinson’s definition ...