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
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
Occupational Mobility of Labour ·Lack of natural abilities ·Lack of qualification ·Cost and length of training ·Discrimination ·Ignorance of available job opportunities Ways to increase
Occupational Mobility of Labour ·By providing training and retraining ·By organizing job centers