Coursework.Info - Inspiration in an Instant

On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:

Failures In the labour market Mobility of Labour Occupational Immobility There are two main types of factor immobility, occupational and geographical immobility. Occupational Immobility Occupational immobility occurs when there are barriers to the mobility of factors of production between different industries and occupations. This can lead to people remaining unemployed, or being used in ways that are not economically efficient. Land and Capital: Some capital inputs are occupationally mobile - a computer can be put to productive use in many different industries. Commercial buildings can be altered to provide a base for many businesses. However some units of capital are specific to the industry they have been designed for. Labour as a factor of production often experiences occupational immobility. For example, workers made redundant in the sheet metal industry may possess job-specific skills that are not necessarily transferable to the growing industries in the economy. This implies that there is a mismatch between...

Get instant access

• Instant, unlimited access to our documents in full
• Swap your work for free access, or pay £4.99
• To see the full version of this document and 147,309 others

OR

Receive email updates for this category

• Simply tell us your email address and receive a weekly Study Help Email for FREE
• Receive 3 FREE essay views with each email
• Get all the latest essays from Coursework.Info & discussion from TheStudentRoom.co.uk