SlideShare a Scribd company logo

Immobility & inequality as market failure

•Download as DOCX, PDF•
•
Aquinas College Economics Department
Aquinas College Economics Department

AQA, Aquinas, Economics, ECON1, Markets, Market Failure

Education
1 of 1
ECON1 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Imobility & Inequality Answer all the questions below 1. Explain the term occupational immobility 2. Explain the term geographical immobility 3. Why might labour immobility lead to a misallocation of resources and ultimately a market failure? 4. Explain the term income 5. Explain the term wealth 6. Why can disparities in the levels in income and wealth be seen as a market failure?

Recommended

Learner Surveys
Learner SurveysLearner Surveys
Learner SurveysSusan Faulk
 
Magura road wise map
Magura road wise mapMagura road wise map
Magura road wise mapSayem07eee
 
Russian Transhumanist Movement (widescreen)
Russian Transhumanist Movement (widescreen)Russian Transhumanist Movement (widescreen)
Russian Transhumanist Movement (widescreen)Danila Medvedev
 
ushul fiqh
ushul fiqhushul fiqh
ushul fiqhDevi Risnawati
 
mBOS-S3
mBOS-S3mBOS-S3
mBOS-S3Rochmad Novianto
 
Gladys Yeh - Taipei Municipal Minshen Junior High School
Gladys Yeh - Taipei Municipal Minshen Junior High SchoolGladys Yeh - Taipei Municipal Minshen Junior High School
Gladys Yeh - Taipei Municipal Minshen Junior High SchoolBritish Council
 
Technical data SWAROVSKI Z4i | Optics Trade
Technical data SWAROVSKI Z4i | Optics TradeTechnical data SWAROVSKI Z4i | Optics Trade
Technical data SWAROVSKI Z4i | Optics TradeOptics-Trade
 
Rapid Impact Assessment of Kopernik's Solar Light Project in the Philippines
Rapid Impact Assessment of Kopernik's Solar Light Project in the PhilippinesRapid Impact Assessment of Kopernik's Solar Light Project in the Philippines
Rapid Impact Assessment of Kopernik's Solar Light Project in the PhilippinesToshi Nakamura
 

Recommended

Learner Surveys
Learner SurveysLearner Surveys
Learner SurveysSusan Faulk
 
Magura road wise map
Magura road wise mapMagura road wise map
Magura road wise mapSayem07eee
 
Russian Transhumanist Movement (widescreen)
Russian Transhumanist Movement (widescreen)Russian Transhumanist Movement (widescreen)
Russian Transhumanist Movement (widescreen)Danila Medvedev
 
ushul fiqh
ushul fiqhushul fiqh
ushul fiqhDevi Risnawati
 
mBOS-S3
mBOS-S3mBOS-S3
mBOS-S3Rochmad Novianto
 
Gladys Yeh - Taipei Municipal Minshen Junior High School
Gladys Yeh - Taipei Municipal Minshen Junior High SchoolGladys Yeh - Taipei Municipal Minshen Junior High School
Gladys Yeh - Taipei Municipal Minshen Junior High SchoolBritish Council
 
Technical data SWAROVSKI Z4i | Optics Trade
Technical data SWAROVSKI Z4i | Optics TradeTechnical data SWAROVSKI Z4i | Optics Trade
Technical data SWAROVSKI Z4i | Optics TradeOptics-Trade
 
Rapid Impact Assessment of Kopernik's Solar Light Project in the Philippines
Rapid Impact Assessment of Kopernik's Solar Light Project in the PhilippinesRapid Impact Assessment of Kopernik's Solar Light Project in the Philippines
Rapid Impact Assessment of Kopernik's Solar Light Project in the PhilippinesToshi Nakamura
 
MSLC Company Profile
MSLC Company ProfileMSLC Company Profile
MSLC Company ProfileMuhammed Shakir
 
Точки роста для интернет-магазинов в 2015 году», Григорий Дернов
Точки роста для интернет-магазинов в 2015 году», Григорий ДерновТочки роста для интернет-магазинов в 2015 году», Григорий Дернов
Точки роста для интернет-магазинов в 2015 году», Григорий ДерновAlisa Vasilkova
 
Bab4 tanah brantashulu
Bab4 tanah brantashuluBab4 tanah brantashulu
Bab4 tanah brantashuluanitanurkhoiriah
 
Semiotics Analysis Of B School Logos Group 8
Semiotics Analysis Of B School Logos Group 8Semiotics Analysis Of B School Logos Group 8
Semiotics Analysis Of B School Logos Group 8Priyank Loonker
 
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...ILRI
 
The Greek Gods In Classical Literature & Art Files
The Greek Gods In Classical Literature & Art FilesThe Greek Gods In Classical Literature & Art Files
The Greek Gods In Classical Literature & Art Filesdiscover
 
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do Subúrbio
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do SubúrbioA Parceria Público-Privada (PPP): desafios e o caso do Hospital do Subúrbio
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do SubúrbioMauricio Portugal Ribeiro
 
Motivate me right
Motivate me rightMotivate me right
Motivate me rightknoppix
 
Motionmountain volume1
Motionmountain volume1Motionmountain volume1
Motionmountain volume1Elsa von Licy
 
Types of Otic Preparations
Types of Otic PreparationsTypes of Otic Preparations
Types of Otic PreparationsAbel Castillo II
 
Forgotten WWII battlefield
Forgotten WWII battlefield Forgotten WWII battlefield
Forgotten WWII battlefield Roger Weston
 
Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Aquinas College Economics Department
 
The theory of production short run
The theory of production short runThe theory of production short run
The theory of production short runAquinas College Economics Department
 
The theory of production long run
The theory of production long runThe theory of production long run
The theory of production long runAquinas College Economics Department
 
The objectives of firms
The objectives of firmsThe objectives of firms
The objectives of firmsAquinas College Economics Department
 
The growth of firms
The growth of firmsThe growth of firms
The growth of firmsAquinas College Economics Department
 
Technological change
Technological changeTechnological change
Technological changeAquinas College Economics Department
 
Sales maximisation theory
Sales maximisation theorySales maximisation theory
Sales maximisation theoryAquinas College Economics Department
 
The Divorce of Ownership & Control
The Divorce of Ownership & ControlThe Divorce of Ownership & Control
The Divorce of Ownership & ControlAquinas College Economics Department
 
The Economic Problem
The Economic ProblemThe Economic Problem
The Economic ProblemAquinas College Economics Department
 
The circular flow of income
The circular flow of incomeThe circular flow of income
The circular flow of incomeAquinas College Economics Department
 
Aggregate Demand
Aggregate DemandAggregate Demand
Aggregate DemandAquinas College Economics Department
 

More Related Content

Viewers also liked

Точки роста для интернет-магазинов в 2015 году», Григорий Дернов
Точки роста для интернет-магазинов в 2015 году», Григорий ДерновТочки роста для интернет-магазинов в 2015 году», Григорий Дернов
Точки роста для интернет-магазинов в 2015 году», Григорий ДерновAlisa Vasilkova
 
Semiotics Analysis Of B School Logos Group 8
Semiotics Analysis Of B School Logos Group 8Semiotics Analysis Of B School Logos Group 8
Semiotics Analysis Of B School Logos Group 8Priyank Loonker
 
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...ILRI
 
The Greek Gods In Classical Literature & Art Files
The Greek Gods In Classical Literature & Art FilesThe Greek Gods In Classical Literature & Art Files
The Greek Gods In Classical Literature & Art Filesdiscover
 
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do Subúrbio
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do SubúrbioA Parceria Público-Privada (PPP): desafios e o caso do Hospital do Subúrbio
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do SubúrbioMauricio Portugal Ribeiro
 
Motivate me right
Motivate me rightMotivate me right
Motivate me rightknoppix
 
Motionmountain volume1
Motionmountain volume1Motionmountain volume1
Motionmountain volume1Elsa von Licy
 
Types of Otic Preparations
Types of Otic PreparationsTypes of Otic Preparations
Types of Otic PreparationsAbel Castillo II
 
Forgotten WWII battlefield
Forgotten WWII battlefield Forgotten WWII battlefield
Forgotten WWII battlefield Roger Weston
 

Viewers also liked (11)

MSLC Company Profile
MSLC Company ProfileMSLC Company Profile
MSLC Company Profile
 
Точки роста для интернет-магазинов в 2015 году», Григорий Дернов
Точки роста для интернет-магазинов в 2015 году», Григорий ДерновТочки роста для интернет-магазинов в 2015 году», Григорий Дернов
Точки роста для интернет-магазинов в 2015 году», Григорий Дернов
 
Bab4 tanah brantashulu
Bab4 tanah brantashuluBab4 tanah brantashulu
Bab4 tanah brantashulu
 
Semiotics Analysis Of B School Logos Group 8
Semiotics Analysis Of B School Logos Group 8Semiotics Analysis Of B School Logos Group 8
Semiotics Analysis Of B School Logos Group 8
 
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...
Sheep value chains in Menz Gera district, North Shewa Zone, Ethiopia: Results...
 
The Greek Gods In Classical Literature & Art Files
The Greek Gods In Classical Literature & Art FilesThe Greek Gods In Classical Literature & Art Files
The Greek Gods In Classical Literature & Art Files
 
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do Subúrbio
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do SubúrbioA Parceria Público-Privada (PPP): desafios e o caso do Hospital do Subúrbio
A Parceria Público-Privada (PPP): desafios e o caso do Hospital do Subúrbio
 
Motivate me right
Motivate me rightMotivate me right
Motivate me right
 
Motionmountain volume1
Motionmountain volume1Motionmountain volume1
Motionmountain volume1
 
Types of Otic Preparations
Types of Otic PreparationsTypes of Otic Preparations
Types of Otic Preparations
 
Forgotten WWII battlefield
Forgotten WWII battlefield Forgotten WWII battlefield
Forgotten WWII battlefield
 

More from Aquinas College Economics Department

More from Aquinas College Economics Department (20)

Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2Creative commons licenses for aquinas economics a2
Creative commons licenses for aquinas economics a2
 
The theory of production short run
The theory of production short runThe theory of production short run
The theory of production short run
 
The theory of production long run
The theory of production long runThe theory of production long run
The theory of production long run
 
The objectives of firms
The objectives of firmsThe objectives of firms
The objectives of firms
 
The growth of firms
The growth of firmsThe growth of firms
The growth of firms
 
Technological change
Technological changeTechnological change
Technological change
 
Sales maximisation theory
Sales maximisation theorySales maximisation theory
Sales maximisation theory
 
The Divorce of Ownership & Control
The Divorce of Ownership & ControlThe Divorce of Ownership & Control
The Divorce of Ownership & Control
 
The Economic Problem
The Economic ProblemThe Economic Problem
The Economic Problem
 
The circular flow of income
The circular flow of incomeThe circular flow of income
The circular flow of income
 
Aggregate Demand
Aggregate DemandAggregate Demand
Aggregate Demand
 
Production
ProductionProduction
Production
 
The supply curve
The supply curveThe supply curve
The supply curve
 
Price determination
Price determinationPrice determination
Price determination
 
The demand curve
The demand curveThe demand curve
The demand curve
 
CC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.ukCC License Documentation aquinaseconomicsas.co.uk
CC License Documentation aquinaseconomicsas.co.uk
 
Unemployment
UnemploymentUnemployment
Unemployment
 
The Phillips Curve
The Phillips CurveThe Phillips Curve
The Phillips Curve
 
International Trade
International TradeInternational Trade
International Trade
 
Inflation and Deflation
Inflation and DeflationInflation and Deflation
Inflation and Deflation
 

Recently uploaded

Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfPoh-Sun Goh
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxPooja Bhuva
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxDenish Jangid
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxEsquimalt MFRC
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxAreebaZafar22
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxheathfieldcps1
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...Nguyen Thanh Tu Collection
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17Celine George
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...Poonam Aher Patil
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Pooja Bhuva
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxRamakrishna Reddy Bijjam
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxJisc
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...ZurliaSoop
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jisc
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentationcamerronhm
 
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxOn_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxPooja Bhuva
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structuredhanjurrannsibayan2
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxmarlenawright1
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsKarakKing
 

Recently uploaded (20)

Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
Python Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docxPython Notes for mca i year students osmania university.docx
Python Notes for mca i year students osmania university.docx
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
Jual Obat Aborsi Hongkong ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan...
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxOn_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
 

Immobility & inequality as market failure

  • 1. ECON1 WWW.AQUINASECONOMICSAS.CO.UK @AQUINASECONOMIC Imobility & Inequality Answer all the questions below 1. Explain the term occupational immobility 2. Explain the term geographical immobility 3. Why might labour immobility lead to a misallocation of resources and ultimately a market failure? 4. Explain the term income 5. Explain the term wealth 6. Why can disparities in the levels in income and wealth be seen as a market failure?