Business notes

1. 2.2
Mobility of the
Factors of Production

2.  Most land – OCCUPATIONALLY MOBILE.
 OCCUPATIONALLY MOBILE – can used for many
purpose.
 E.g : now farm later houses
 Geographically Immobile- incapable of
moving from one location to another
location.
Individual Activity 1

3.  Some find difficult to move from 1 area of
country to another.
 Or 1 country to another (GEOGRAPHICAL
IMMOBILITY)
 Some – to switch to 1 job to another job
(OCCUPATIONAL IMMOBILE)
The ability of labour
to change where it
works or in which
occupation
LABOUR

4. Differences in the price
& availability of housing
in different areas &
countries
Family ties
Differences in
educational systems
in different areas &
countries
Lack of
information
Restrictions on the
movement of
workers

5.  The geographical & occupational
mobility of capital varies according
to the types of capital goods.
 E.g – photocopier & coal mining
 Occupationally immobile – specific purpose
(VAN)
The ability to
change where
capital is used or in
which occupation
GROUP ACTIVITY 2

6.  Enterprise moves when the people who carry
out the functions move.
 Called as- ENTREPRENEUR
 The mobility of enterprise depends
on the mobility of entrepreneurs.
The ability to change
where enterprise is
used or in which
occupation.
A person who bears the
risks and makes the
key decisions in a
business