1. 4.1.8.6 Market imperfections
    2. 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

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      • 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​