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factors of production
land, labour, capital, enterprise
mobility of factors of production
the ease in which various factors of production can be moved from one location/occupation to another
geographical mobility
moved from location
occupational mobility
moved from occupation
geographical mobility of land
immobile
occupational mobility of land
mobile
geographical mobility of labour
mobile
occupational mobility of labour
mobile
forms of occupational mobility of labour
horizontal, vertical
horizontal mobility
the ease labour moves up/down the occupational hierarchy
vertical mobility
the workers ability to move to an occupation with similar pay
factors that influence mobility of labour
family ties, availability/cost of accommodation, educational systems
Note
Flashcard