The factor of production that has the highest degree of mobility is?

Assessment: JAMB UTME - Economics - 1995 Subject: Economics

Question 1 Report

The factor of production that has the highest degree of mobility is?
Answer Details
The factor of production that has the highest degree of mobility is labour. This is because labour can be easily moved from one place to another, and can also be trained or re-skilled to work in different industries. Capital, on the other hand, is usually fixed in one location and cannot be easily moved. Land is also generally immobile, except for agricultural land which can be used for different crops. Entrepreneurship refers to the ability to organize the other factors of production, and is not a physical factor that can be moved. Therefore, labour is the factor of production with the highest degree of mobility.
Read lesson note on Factors Of Production And Their Theories (JAMB)
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