Prices tend to reflect direct operating costs rather than employed capital.
价格就会反映直接运营成本,而不是所用资本。
This is the measure of output (taken as operating profit after tax and some other adjustments) less input (taken as the annual rental charge on the total capital employed, both debt and equity).
这种方法是用产出(这里表示扣除营业税以及做了其他调整的营业净利润)减去投入(这里表示年度总投入资本,包括负债和权益)。
It means, in short, that both capital and labor are less efficiently employed than they would be if they were permitted to make their own free choices.
简而言之,这意味着,如果不允许资本和劳动力自我做出选择,那么资本和劳动力运用效率就会比他们实际能达到的要低。
应用推荐