Question

deference between factor intensity and factor abandency
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Answer 1

Answer:

Factor abundance is the resource richness of countries or nations. Explanation: ... And it is defined by the relative endowment of capital to labor in the nation relative to another nation or nations. While Factor intensity means the number or quantity of capital and labor used in producing a good.

Answer 2

Factor intensity measures how the factors of production that is land, labor ,capital and entrepreneurship is allocated among the various sectors in the economy. Factor abundance on the other hand measures the availability of factors of production.

Factor abundance is the resource richness of countries or nations. Explanation: ... And it is defined by the relative endowment of capital to labor in the nation relative to another nation or nations. While Factor intensity means the number or quantity of capital and labor used in producing a good.