mobility

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mobility

the degree to which a FACTOR OF PRODUCTION is willing or able to move between different locations or uses. Of the three factors of production, i.e. NATURAL RESOURCES (land), LABOUR and CAPITAL, land is geographically immobile, but not necessarily the uses to which it can be put, for example, industry or agriculture. Labour is both geographically and occupationally mobile but is not necessarily willing to move to another location or retrain for another occupation. Capital (in the form of plant and machinery) is frequently relatively immobile because it is difficult to find new uses for specialized plant, and often difficult to change location because of the size and nature of such plant (e.g. electricity-generating machinery). See RESOURCE ALLOCATION, SUPPLY-SIDE ECONOMICS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
This stands in stark contrast to the standardization of roads according to the rules of conventional traffic engineering. When a road is totally divorced from its context, when an identical stretch of asphalt runs through a hundred towns across the country, "when you removed all the things that made people know where they were, what they were a part of, and when you changed it into a uniform world ...
and it has introduced an important technology that is Traffic Engineering (TE) which plays an important part in minimizing the overcrowding of networks.
The independently-managed air navigation service provider is tasked with air traffic control (ATC) and air traffic engineering services at both the Dubai International Airport and the Al Maktoum International Airport in Dubai World Central (DWC) in Dubai, UAE.
The air traffic engineering services department of Dubai Air Navigation Services (Dans) has joined the International Federation of Air Traffic Safety Electronics Associations (IFATSEA), an organisation recognised by The International Civil Aviation -- a specialised agency of the United Nation.
“These individuals bring added talent to the organization's traffic engineering and roadway design teams and I am delighted to welcome them to our company,” said Montell (Monty) Irvin, P.E., PTOE, President and CEO of Ramey Kemp & Associates, Inc.
VHB announced that Patrick Lenihan, PE, has joined the firm as a transportation team leader in the Traffic Engineering group.
Network and traffic engineering in emerging distributed computing applications.
Box, a traffic engineering expert and active member of the IES since 1954, passed away in June.
To overcome the limitations imposed by standard IP routing techniques, network engineers in Afghanistan began employing Multi Protocol Label Switching "Traffic Engineering."
"The vast majority of project managers come from fields other than traffic engineering," says Zammit, "so they have limited knowledge of the tools used in the practice.
Tiner's primary focus for Garver is on traffic engineering, including the design of traffic signal systems, intersection improvement and traffic studies in Arkansas, Tennessee, Mississippi, Oklahoma and Alabama.

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