Economics GCSE
Factor mobility
What Factor mobility means in Economics GCSE, as defined for AQA.
Definitions of Factor mobility
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Reference: AQA
The ease of switching production lines, so that if a farmer can easily switch from growing carrots to potatoes, potato supply is more elastic.
The ease with which factors of production, such as workers who can easily switch tasks, can move, which increases elasticity.
Topics that use Factor mobility
- Price elasticity of supply (AQA GCSE)
Related terms
- Consumer affordability
- Price elastic supply
- Price elasticity of supply
- Price inelastic supply
- Production capacity
- Spare capacity
- Time periods
- Time periods in economics
Using Factor mobility in the exam
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