Which is an immobile factor of production.
Answers
Explanation:
Factor immobility occurs when it is difficult for factors of production (e.g. labour and capital) to move between different areas of the economy. Factor immobility could involve: Geographical immobility – When it is difficult to move from one geographical area to another.
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Answer:
Geographical Immobility and Occupational Immobility are two immobile factor of production.
Explanation:
Immobile factor of production means there is an obstacle or difficult to provide or move factor of production such as Land, Labour, Capital and Entrepreneur.
There are two immobile factor of productions:
1. Geographical immobility
2. Occupational immobility
Geographical immobility occur when there is difficulty to move from one place or region to another. This difficulty arise due to cost of renting.
Occupational immobility occur when there is difficulty to move from one job to another. This difficulty arise due to lack of skill in work
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