Immobile Factors of Production

Question 1

Factors of Production can be Immobile

Answer 1

1. An immobile factor of production def
2. Land
3. Capital
4. Human action

Question 2

Labour immobility can be geographical

Answer 2

reasons for geographical immobility

Question 3

Labour immobility can be occupational

Answer 3

reasons for occupational immobility

Question 4

Immobile factors of production cause market failure

Answer 4

1. inefficient use of resources
2. how much govt tackle immobile factors of production
3. can take actions to improve labour mobility