die Faktorleistung

English translation: contribution/services of production factors

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:die Faktorleistung
English translation:contribution/services of production factors
Entered by: Susan Welsh

12:07 Sep 26, 2008
German to English translations [PRO]
Bus/Financial - Economics / macroeconomic theory
German term or phrase: die Faktorleistung
"Der Konsum wird um den Sparanteil geringer als das Einkommen aus Faktorleistungen."

My translation: "Consumption becomes proportionally lower than savings, as the income from service factors."

This really makes no sense to me!
Susan Welsh
United States
Local time: 21:14
contribution/services of production factors
Explanation:
The sentence says that consumption will be lower than income earned by factors of production (labor, capital, land), and the difference will be the amount of savings.
(Keynesian theory in a nutshell: the economy produces X but people save Y so they only have (X-Y) to purchase the produced goods, some of which remain unsold; producers produce less in the subsequent period and a downward spiral sets in)
http://en.wikipedia.org/wiki/Factors_of_production
Selected response from:

Jana Zajicova
Czech Republic
Grading comment
Thanks for the explanation of this weird theory, and thanks also to others who responded.
4 KudoZ points were awarded for this answer



Summary of answers provided
3contribution/services of production factors
Jana Zajicova
1 +1factor productivity
Donal Murphy-Bokern


  

Answers


9 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5 peer agreement (net): +1
factor productivity


Explanation:
From the term Total Factor Productivity - it fits but you need to check this is what is meant.

Donal Murphy-Bokern
Germany
Local time: 02:14
Specializes in field
Native speaker of: English
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  babli: agree
4 mins
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25 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
contribution/services of production factors


Explanation:
The sentence says that consumption will be lower than income earned by factors of production (labor, capital, land), and the difference will be the amount of savings.
(Keynesian theory in a nutshell: the economy produces X but people save Y so they only have (X-Y) to purchase the produced goods, some of which remain unsold; producers produce less in the subsequent period and a downward spiral sets in)
http://en.wikipedia.org/wiki/Factors_of_production

Jana Zajicova
Czech Republic
Specializes in field
Native speaker of: Native in CzechCzech
PRO pts in category: 8
Grading comment
Thanks for the explanation of this weird theory, and thanks also to others who responded.
Login to enter a peer comment (or grade)



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