Distinguish between factor endowment and factor intensity with table
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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 endowment measures the availability of land, labor and capital available to an economy and that an economy can exploit.
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Answer: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 endowment measures the availability of land, labor and capital available to an economy and that an economy can exploit.
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