Factor mobility. refers to the ability to move factors of production—labor, capital, or land—out of one production process into another. Factor mobility may involve the movement of factors between firms within an industry, as when one steel plant closes but sells its production equipment to anot...
Factor mobility. refers to the ability to move factors of production—labor, capital, or land—out of one production process into another. Factor mobility may involve the movement of factors between firms within an industry, as when one steel plant closes but sells its production equipment to another steel firm.
Size: 3.29 MB
Language: en
Added: Aug 27, 2020
Slides: 8 pages
Slide Content
MOBILITY OF
THE FACTORS
OF
PRODUCTION
Mudassir Raza
The Mobility of
Land
The Mobility of Land
Occupationally Mobile: capable of changing use.
Geographically Immobile: incapable of moving from one location to
another location.
The Mobility of
Labour
The Causes of Geographical Immobility
include:
Differences in the price and availability of housing in different areas and countries.
Family Ties
Differences in educational system in different areas an countries
Lack of information
Restriction on the movement of workers
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