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9. Which factor of production is considered the most mobile? a. Land b. Capital c. Labor d. Entrepreneurship

Problemas

9. Which factor of production is considered the most mobile?
a. Land
b. Capital
c. Labor
d. Entrepreneurship

9. Which factor of production is considered the most mobile? a. Land b. Capital c. Labor d. Entrepreneurship

Solución

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Luismaestro · Tutor durante 5 años
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The correct answer is c. Labor.<br /><br />Labor is considered the most mobile factor of production because it can be easily moved from one location to another and from one job to another. Labor is not tied to a specific piece of land or a particular capital asset, and it can be redeployed quickly in response to changes in the market or economic conditions. This mobility allows for flexibility in the labor market and enables workers to seek out the best opportunities available to them.
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