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JAMB Economics 1995 Question 11

Question 11

Theory of Production

The factor of production that has the highest degree of mobility is

  1. A.land
  2. B.labour
  3. C.capital
  4. D.entrepreneurship.
Show the answer and explanation

Answer: B (labour)

Explanation

Labour can move from place to place and from one job to another, so it is usually treated as the most mobile factor; land cannot move at all.