When workers move from one industry to another in response to demand changes,this is an example of

Question

Quizplus · Accepted Answer

Factor mobility refers to the ease with which factors of production (such as labor) can move between industries in response to changes in demand. This is a key feature of a flexible and responsive economy. Factors quality refers to the skills and education levels of the labor force, and capital stock refers to the physical assets (such as machinery) used in production. The decreasing investment in human capital is not relevant to this situation.

When Workers Move from One Industry to Another in Response