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

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​