> #factors-of-production , #economics , #mobility > Define mobility of factors of production?
Anonymous
Mar 11

Define mobility of factors of production?

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Mar 11
Mobility of factors of production refers to the ability of resources such as labor, capital, and land to move between different industries or geographical locations in response to changes in demand or supply. Factors of production that are mobile can be easily reallocated to where they are most needed, leading to a more efficient allocation of resources in the economy. This mobility can help to increase productivity, reduce costs, and promote economic growth.
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