| To put the point concretely, I see no reason to suppose that the existing system seriously misemploys the factors of production which are in use. |
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| Finally, if restrictions on the mobility of factors of production are eliminated, a common market is established. |
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| Countries would focus on the factors of production where they enjoyed the greatest comparative advantage. |
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| By putting these physical capital resources under management control, the firm avoids negotiating with owners of these factors of production. |
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| If the factors of production are internationally mobile, capital and labor would move from England to Portugal, where both commodities can be produced the cheapest. |
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| The paradox reflects the current upheaval on a worldwide scale in the usage of the factors of production. |
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| The long-term growth of the economy is closely linked to the productivity of the factors of production and to its evolution. |
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| Among its main objectives is the gradual introduction of a free circulation of goods, services, and factors of production. |
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| His theory says that free trade automatically reshuffles a nation's factors of production to their most productive uses. |
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| Less well-endowed households have a harder time increasing yields because they are constrained in all factors of production. |
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| As regards the latter channel, technological innovations are spread, for example, through structural reforms on the labour and financial markets, which eventually lead to a more optimal use of factors of production. |
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| Consequently, instead of encouraging the optimization of factors of production, it would jeopardize worldwide food security, as well as the development of many countries. |
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| One of the essential properties of the classical model is that the factors of production are fully employed: there is neither involuntary unemployment nor output gap. |
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| The long-term sustainability of an agricultural system depends on the three interconnected factors of production, ecological sustainability and economics. |
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| Therefore, no factor of production can be exchanged, and there can be no money prices for factors of production. |
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| Trade in goods and services can serve as a substitute for trade in factors of production. |
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| The workplace is where the factors of production come together to deliver goods and services. |
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| The distinction between fixed and variable factors of production is temporary. |
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| These barriers obstruct the freedom of movement of the four factors of production. |
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| A good company will not treat its workforce or the community housing it as factors of production to be disposed of lightly in a global game of profit and loss. |
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| But it is not sufficient to be well endowed with factors of production, since we must still fructify our comparative advantages through exchange and trade. |
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| Fair or managed trade which mitigates these global forces would treat workers as more than just factors of production, another element in the competitive race. |
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| An approach within the functionalist perspective, conceiving of firms as autonomous units which combine factors of production, allows one to avoid taking into account the different players who make up the firms. |
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| These units typically operate at a low level of organisation, with little or no division between labour and capital as factors of production and on a small scale. |
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| The difficulties women face in accessing factors of production are reinforced by the legal and institutional framework, which incapacitates married women by requiring that they first obtain authorization from their husbands. |
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| Comparative advantage is undermined if the factors of production can relocate to wherever they are most productive: in today's case, to a relatively few countries with abundant cheap labor. |
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| The redeployment of the factors of production from failing industries and sectors to emerging and thriving industries and sectors is required in order to maximise the productivity of Member States' economies. |
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| The fall in the relative price of ICT equipment in relation to the cost of other factors of production stimulated demand for investment in ICT by enterprises. |
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| Hoarding, therefore, does not cause factors of production to be idle that should not be. |
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| Other applications of demand and supply include the distribution of income among the factors of production, including labour and capital, through factor markets. |
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| Thus international trade is mostly restricted to trade in goods and services, and only to a lesser extent to trade in capital, labor or other factors of production. |
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| Of the factors of production, land and labor are declining in their contribution to production, and capital, both physical and human, is increasing at an exponential rate. |
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| Factors of production do not move easily across national boundaries in response to wage price differentials. |
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