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British Dictionary definitions for factor cost

factor cost

noun
  1. (in social accounting) valuation of goods and services at their overall commercial cost, including markups but excluding indirect taxes and subsidies
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012