US President Barack Obama has advised his successor President-elect Donald Trump not to attempt to run "the largest organisation on earth", the White House, as "the way you would manage a family business".
Obama further warned Trump that there is a difference between governing and campaigning.
Trump will be sworn in on January 20, known as the Inauguration Day.
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
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
Occupational Mobility of Labour refers to the movement of workers from one occupation to another occupation. It depends upon; · the facilities for training and retraining · wage differentials · job security · future prospects · fringe benefits etc