Market price is always more than factor cost (True or False with Reasons)

1.76K viewsDecember 4, 2023National Income and related aggregates

Anurag Pathak30.76K December 4, 2023 0 Comments

True or False with Reasons

Market price is always more than factor cost.

Anurag Pathak Changed status to publish December 4, 2023

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Anurag Pathak30.76K Posted December 4, 2023 0 Comments

False,

Market price can be less than factor cost if net indirect taxes (NIT) are negative. Market price can also be equal to factor cost if NIT is zero.

Anurag Pathak Changed status to publish December 4, 2023

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