| By putting these physical capital resources under management control, the firm avoids negotiating with owners of these factors of production. |
| Finally, if restrictions on the mobility of factors of production are eliminated, a common market is established. |
| 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. |
| The long-term growth of the economy is closely linked to the productivity of the factors of production and to its evolution. |
| Less well-endowed households have a harder time increasing yields because they are constrained in all factors of production. |
| Countries would focus on the factors of production where they enjoyed the greatest comparative advantage. |
