That's a fancy way of saying it is multiplied by 4.
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The factors of 2 are 1 and 2. If you increase something by a factor of 2, you double it. If you decrease something by a factor of 2, you halve it.
120,000 = 30,000 * 4 Increase by a factor of N means just multiply by N.
When something increases by a factor of 16, it means that the quantity has been multiplied by 16. For example, if you have a value of 5 and it increases by a factor of 16, the new value would be 5 x 16 = 80. This is a significant increase compared to just adding 16 to the original value.
The largest factor is the amount of labor.
factors are the two or more numbers that are used to multiply and be the product of a certain number.