Question

Difference between factor abundance and factor intensity

Answer 1

Factor abundance is the resource richness of countries or nations

Explanation:

• In a two-factor model, where the factors are capital and labor, the factor abundance of one
• nation
• 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.

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