distinguish between single factor intensity reversal multiple factor intensity reversal using suitable diagrams
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Factor intensity can be explained in terms of variable factors involved
Explanation:
- The factor intensity can be single when there is only one factor involved
- If there are more than one factors, it is called multiple factors intensity
- The variable factors can be capital, labor, wage, resources, etc.
- If only one of these factors involved, it is a single factor intensity and if more than one like all of above, then it is multiple factors intensity.
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