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EQUILIBRIUM: The state that exists when opposing forces exactly offset each other and there is no inherent tendency for change. Once achieved, an equilibrium persists unless or until it is disrupted by an outside force.

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MOBILITY: The movement of factors of production from one productive activity to another. In particular, mobility is the ease with which resources can change production activities. Some factors are highly mobile and thus are easily switched. Other factors are highly immobile and not easily switched. Mobility generally takes one of two forms--geographic mobility and occupational mobility. Geographical mobility is the movement of factors from a productive activity in one location to a production activity in another location. Occupational mobility is the movement of factors from one type of productive activity to another type of productive activity.

     See also | labor | labor market | resources | factors of production | factor markets | geographic mobility | occupational mobility | factor supply |


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MOBILITY, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2018. [Accessed: July 23, 2018].


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FOUR-SECTOR INJECTIONS-LEAKAGES MODEL

A variation of the Keynesian injections-leakages model that adds the foreign sector to the three domestic sectors--the household sector, the business sector, and the government sector. This variation adds the foreign to the three domestic sectors (household, business, and government) in the three-sector model and provides an alternative to the four-sector aggregate expenditures (Keynesian cross). It provides the complete Keynesian representation of the macroeconomy, including the export-import interaction between the domestic economy and the foreign sector. Equilibrium is identified as the intersection between the S + T + M line and the I + G + X line. Two related variations are the two-sector injections-leakages model and the three-sector injections-leakages model.

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Today, you are likely to spend a great deal of time at a flea market seeking to buy either a handcrafted spice rack or a cell phone case. Be on the lookout for neighborhood pets, especially belligerent parrots.
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