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Market Failure Market imperfections
Immobility of factors of production
Factor Immobility
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Subdecks (3)
Land immobility
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Market Failure Market imperfections > Immobility of factors of production > Factor Immobility
4 cards
Capital Immobility
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Market Failure Market imperfections > Immobility of factors of production > Factor Immobility
2 cards
Immobility of labour
Year 1 Microeconomics > Market Mechanism, Market Failure and government intervention > Market Failure Market imperfections > Immobility of factors of production > Factor Immobility
3 cards
Cards (12)
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 12 cards