Business and Economics Journal is counted among the top journals on Factor price equalization. BEJ is a scholarly Open Access journal that aims to publish most complete and reliable source of information on vast topics of Factor price equalization.
Factor price equalization is an economic theory which is an effect observed in models of international trade and states that the prices of identical factors of production, such as the wage rate, are driven towards equality in the absence of barriers to trade. The theorem assumes that there are two goods and two factors of production, for example capital and labor.
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Last date updated on June, 2014