Problem1 the more specialized a factor of production the, Ask an Expert

Economics

Problem

1. The more specialized a factor of production the higher its productivity, but the lower its mobility. Why is this?

2. How would you assess whether Britain was overpopulated or underpopulated?

3. Why might (a) companies producing goods and services, and (b) local and central government be interested in whether future trends will show an expanding, declining, or ageing population?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92762140

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