Question

write a detailed note on geographical and occupational mobility of factors of production​

Answer 1

Geographic mobility refers to a worker's ability to work in a particular physical location, while occupational mobility refers to a worker's ability to change job types. For example, a worker moving from the United States to France illustrates the concept of geographic mobility.

Answer 2

Explanation:

What is Geographical Labor Mobility?

Geographical labor mobility refers to the level of flexibility and freedom that workers have to move from one region or locale to another in order to find gainful employment in their field.

KEY TAKEAWAYS

Geographic labor mobility refers to the ability of workers within a specific economy to relocate in order to find new or better employment.

Workers' mobility is determined by several factors, from transportation options to standards of living and other government-related policies.

The rate of geographic labor mobility within the United States has been consistently declining since the 1980s.

Understanding Geographical Labor Mobility

Geographic labor mobility refers to the ability of workers within a specific economy to relocate to find new or better employment. It can be compared to occupational labor mobility, which is workers' ability to change jobs or professions irrespective of geographical location. Geographical labor mobility can also be related to capital mobility or the mobility of economic goods.