noun
factor price
Economics term referring to the price of a factor of production (land, labor, capital).
要素価格の変動は、企業の生産コストに直接影響を与える。
Fluctuations in factor prices directly affect firms' production costs.
生産要素 refers to the factors of production themselves (land, labor, capital), while 要素価格 is the price of those factors.
Compound of 要素 (factor) and 価格 (price), a direct translation of the English economics term 'factor price'.