What is another word for factor price equalization?

Pronunciation: [fˈaktə pɹˈa͡ɪs ˌiːkwəla͡ɪzˈe͡ɪʃən] (IPA)

Factor Price Equalization refers to the concept where in different countries, the prices of factors of production tend to converge over time leading to an even distribution of factors of production or the cost of their inputs. There are several synonyms that are used for the term 'factor price equalization,' including factor cost equalization, factor price convergence, and the Heckscher-Ohlin theorem. These synonyms all describe the phenomenon whereby various factors of production reach a balance point in terms of their overall cost. Factor price equalization has many implications for international trade, including the possibility of trade specialization and increased competitiveness.

What are the hypernyms for Factor price equalization?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: price equalization factor, factor of price equalization, factor of price equalization graph, price elasticity of demand and price elasticity of supply, elasticity of demand and elasticity of supply, price change and demand change, percentage change in demand and percentage change in supply

Related questions:

  • What is the factor of price equalization?
  • Word of the Day

    multitasker
    The word "multitasker" usually refers to someone who can perform different tasks simultaneously. However, there are several antonyms for this word, which describe the opposite type...