factor price

简明释义

生产要素价格

英英释义

例句

1.A rise in the factor price 要素价格 of raw materials can lead to inflation.

原材料的要素价格上涨可能导致通货膨胀。

2.In a competitive market, factor prices 要素价格 are determined by supply and demand.

在竞争市场中，要素价格由供给和需求决定。

3.Economists study how changes in factor prices 要素价格 affect overall economic growth.

经济学家研究要素价格的变化如何影响整体经济增长。

4.The increase in the factor price 要素价格 of labor has led to higher production costs for manufacturers.

劳动的要素价格的上涨导致制造商的生产成本增加。

5.Understanding factor prices 要素价格 is crucial for businesses when setting their pricing strategies.

理解要素价格对于企业制定定价策略至关重要。

作文

The concept of factor price refers to the prices paid for the services of the factors of production, which include land, labor, and capital. Understanding factor price is crucial for both economists and business professionals as it directly influences production decisions and overall economic performance. In a market economy, the factor price is determined by supply and demand dynamics. For instance, if there is an increase in demand for skilled labor, the factor price for labor will rise, leading to higher wages. Conversely, if there is a surplus of unskilled labor, the factor price for that labor may decrease, resulting in lower wages.One significant aspect of factor price is its relationship with productivity. When workers become more productive due to advancements in technology or better training, their contribution to production increases. As a result, the factor price for labor can rise, reflecting the increased value of their output. This relationship highlights how important it is for businesses to invest in employee development and technology.Moreover, the factor price can vary across different regions and industries. For example, agricultural land may have a different factor price compared to industrial land due to varying levels of demand and productivity in those sectors. In urban areas where land is scarce, the factor price for land tends to be much higher than in rural areas. Similarly, specialized skills in high demand can command a premium factor price, while general skills may not.In addition to market forces, government policies can also impact factor price. Minimum wage laws, for instance, set a floor on the factor price for labor, ensuring that workers earn a certain amount regardless of market conditions. While this can help reduce poverty and improve living standards, it may also lead to unintended consequences, such as increased unemployment if businesses cannot afford the higher wages.Furthermore, international trade can influence factor price as well. When countries engage in trade, they often specialize in producing goods for which they have a comparative advantage. This specialization can lead to changes in factor price as countries shift resources towards more profitable industries. For example, a country that specializes in manufacturing may see an increase in the factor price for capital and skilled labor, while the factor price for agricultural labor may decline.In conclusion, the understanding of factor price is essential for analyzing economic behavior and making informed business decisions. It reflects the value of the inputs used in production and is influenced by a variety of factors, including supply and demand, productivity, regional differences, government policies, and international trade. By grasping the dynamics of factor price, individuals and organizations can better navigate the complexities of the economic landscape and make strategic choices that enhance their competitiveness and sustainability in the market.

‘要素价格’的概念指的是为生产要素的服务所支付的价格，包括土地、劳动和资本。理解‘要素价格’对经济学家和商业专业人士至关重要，因为它直接影响生产决策和整体经济表现。在市场经济中，‘要素价格’由供求动态决定。例如，如果对熟练劳动力的需求增加，劳动的‘要素价格’将上升，导致工资提高。相反，如果缺乏熟练劳动力，劳动的‘要素价格’可能会下降，导致工资降低。‘要素价格’的一个重要方面是它与生产力的关系。当工人因技术进步或更好的培训而变得更有生产力时，他们对生产的贡献增加。因此，劳动的‘要素价格’可能会上升，反映出他们产出的增加价值。这种关系强调了企业投资于员工发展和技术的重要性。此外，‘要素价格’在不同地区和行业之间也可能有所不同。例如，由于这些行业的需求和生产力水平不同，农业用地的‘要素价格’可能与工业用地的‘要素价格’不同。在土地稀缺的城市地区，土地的‘要素价格’往往远高于农村地区。类似地，需求旺盛的专业技能可以要求更高的‘要素价格’，而普通技能的‘要素价格’则可能较低。除了市场力量，政府政策也会影响‘要素价格’。例如，最低工资法规定了劳动的‘要素价格’底线，确保工人无论市场条件如何都能赚取一定数额的收入。虽然这有助于减少贫困和改善生活水平，但如果企业无法承担更高的工资，可能也会导致意想不到的后果，例如失业率上升。此外，国际贸易也可以影响‘要素价格’。当国家参与贸易时，它们通常会专注于生产具有比较优势的商品。这种专业化可能导致‘要素价格’的变化，因为国家将资源转向更有利可图的行业。例如，专注于制造业的国家可能会看到资本和熟练劳动力的‘要素价格’上升，而农业劳动力的‘要素价格’可能会下降。总之，理解‘要素价格’对于分析经济行为和做出明智的商业决策至关重要。它反映了生产中使用的投入的价值，并受到供求、生产力、地区差异、政府政策和国际贸易等多种因素的影响。通过掌握‘要素价格’的动态，个人和组织能够更好地应对经济环境的复杂性，并做出增强其市场竞争力和可持续性的战略选择。