Economics

Chapter -02 – factors of productions

Give 4 factors of production:

 Land
 Labour
 Capital
 Enterprise

Give 5 causes which occurs geographical immobility:

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

Give 2 main factors which quantity of labour is

influenced

 Number of workers available

 Number of hours employees work

Give 5 determinants which determines the number of

workers available :
 The size of the population
 The age structure of the population
  The retirement age
 The school leaving age
 Attitude to working women

Give 5 determinants which determines the number of

working hours:
 The length of the average working day
 Whether they work full or part time
 The duration of overtime
 The length of holidays taken by workers
 The amount of time lost through sickness and illnesses