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4.1.8.6 Market imperfections
Immobility of factors of production
Factor Immobility
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Subdecks (3)
Land immobility
Year 1 Microeconomics > 4.1.8 The market mechanism, market failure > 4.1.8.6 Market imperfections > Immobility of factors of production > Factor Immobility
4 cards
Capital Immobility
Year 1 Microeconomics > 4.1.8 The market mechanism, market failure > 4.1.8.6 Market imperfections > Immobility of factors of production > Factor Immobility
2 cards
Immobility of labour
Year 1 Microeconomics > 4.1.8 The market mechanism, market failure > 4.1.8.6 Market imperfections > Immobility of factors of production > Factor Immobility
6 cards
Cards (15)
Factor immobility occurs because
it
is
difficult
for
factors
of
production
to
be
put
to
alternative
uses
The immobility of factors of production can result in a
misallocation
of
resources
Factor immobility can occur for:
Labour
Capital
Land
See all 15 cards