1/22/2024 0 Comments Rider economicsThe cost of the factors used in production. The trade pattern of a country or the world, focusing on factor content of the goods and services that are traded, as opposed to the commodity pattern of trade. With F factors, G goods, and A= the Fx G matrix of factor f per unit output of good g, the factor content of a G-vector X of trade or consumption is AX. Can be either direct or direct-plus-indirect. The amounts of primary factors used in the production of a good or service, or in a vector of quantities of goods and services, such as the factor content of trade or the factor content of consumption.
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