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 labor. This means that labor is the easiest to move from one place to another and can be relocated easily in response to changes in the market. For example, workers can move from one city to another in search of better job opportunities or to follow their employer. In contrast, land and capital are typically more difficult to move, as they are often tied to specific locations. Entrepreneurship is a combination of the other factors of production, including labor, and can be mobile to the extent that the individual entrepreneur is able to move with their skills and resources.