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Factors of Production and their Rewards


Type
Definition
Reward
Land
Labour
Capital
Enterprise
All natural resources
The physical and mental works of people
All man made tools and machines
All managers and organizers
Rent
Salary/Wage
Interest
Profit/Loss

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Factors Affecting Geographical Mobility of Labour

Geographical Mobility of Labour refers to the movement of workers from one place to another place.  It depends upon; ·cost of housing ·cost of relocation ·availability of social amenities ·family ties etc

Common Barriers to Occupational Mobility of Labour

Barriers to Occupational Mobility of Labour ·Lack of natural abilities ·Lack of qualification ·Cost and length of training ·Discrimination ·Ignorance of available job opportunities
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