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\nUnderstanding Factor Immobility and Market Failure\n

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\nIn this video, the topic of immobility is explained, specifically, factor immobility and its effects on market failure. The concept of production and the allocation of resources are introduced, and then the video delves into different...\nIn this video, the topic of immobility is explained, specifically, factor immobility and its effects on market failure. The concept of production and the allocation of resources are introduced, and then the video delves into different types of goods and services that require their individual productive processes. The concept of factor immobility is then explored. The two types of factor immobility, geographical and occupational, are explained in detail, along with the three potential solutions for each type.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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14:09
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, coal mining, housing, industry, factors, workers, selling
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Additional Tags

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a-level, lectures, micro, market, failure, 9.4a, immobility, productive process, market failure, geographical mobility, coal miners, education schemes, occupational immobility, provide subsidies, prevent factors, factor immobility, financial services, move location, employ workers, create goods, inability, house, provide, create, engaging, jobs, unutilised, call, operating, skills
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding Factor Immobility and Market Failure\" href=\"/subscription/new\">\"Understanding\n\n
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