Specific factor

 

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Specific factor

A factor of production that is unable to move into or out of an industry. The term is used to describe both factors that would not be of any use in other industries and -- more loosely -- factors that could be used elsewhere but do not, in the short run, have the time or resources needed to move. See specific factors model. The term seems to come from Haberler (1937).



Similar Matches

Specific commitment

Specific commitment

Under the GATS, the identification of a category of services in which a country will apply national treatment and assure market access for foreign service providers.


Specific tariff

Specific tariff

A tariff specified as an amount of currency per unit of the good.


Firm specific risk

Firm specific risk

See: Diversifiable risk or unsystematic risk


Specific risk

Specific risk

See: Unique risk


Specific legacy

Specific legacy

See 'legacy'.


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Firm specific news
Specificity rule
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Specific factors model
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Specificity


 
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