Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Immobility & inequality as market failure


Published on

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

Published in: Education
  • Be the first to comment

  • Be the first to like this

Immobility & inequality as market failure

  1. 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?