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OPEC: The common abbreviation for the Organization of Petroleum Exporting Countries, which is an international organization of more than a dozen nations located primarily in the Middle East, Africa, and Central America that controls a sizeable portion of the world's petroleum reserves. This control over oil reserves gives OPEC significant market control, which it has been inclined to exert from time to time. The most noted time was the 1970s. OPEC raised oil prices from a scant $2 to $3 a barrel in the early 1970s to over $30 a barrel by the end of the decade. As an group of independent oil-producing nations seeking to monopolize the market, OPEC represents a textbook example of an cartel.
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                           GEOGRAPHIC MOBILITY: The mobility, or movement, of factors of production from a productive activity in one location to a productive activity in another location. In particular, geographic mobility is the ease with which resources can change locations. This is one of two types of mobility. The other is occupational mobility. Geographic mobility is the ease of movement of resources between locations. Some factors are highly mobile and thus are easily switched. Other factors are highly immobile and not easily switched. For example, a worker leaves a job in one city and takes a job in another city. Some factors are highly mobile and thus are easily moved between cities, states, and even countries. Other factors are less mobile and not easily relocated.To illustrate geographic mobility, consider the factors of production used by Hector Hamilton, a farmer residing on the outskirts of Shady Valley. Hector's key factors are farmland, capital equipment (especially a tractor and a big red barn), and assorted labor (including himself and a couple of hired hands). Hector also uses seeds, fertilizer, assorted chemicals, water, and electricity. How mobile are Hector's factors? - Land: A key factor input used by Hector is land, especially farmland. Hector's farmland has virtually zero geographical mobility. It is where it is, on the outskirts of Shady Valley, and cannot be moved easily anywhere else. In comparison, many of Hector's other land (material) inputs tend to have high geographic mobility. Seeds, fertilizer, chemicals, and electricity can be sent to almost anywhere in the country (or in the world for that matter). Water is little less mobile, but it can be moved long distances at relatively low cost.
As a general rule, the materials of land have greater geographic mobility that the space and accessibility features of land.
- Capital: Hector uses an assortment of capital. Hector's tractor is relatively mobile. It can be loaded onto a truck and shipped to another state to engage in other farming pursuits. The mobility of Hector's big red barn falls between the farmland and the tractor. The big red barn could be disassembled, loaded onto a truck, and reassembled to engage in other farming pursuits in another states. But such a task is significantly more involved than moving the tractor.
As a general rule, equipment has greater geographic mobility that structures.
- Labor: Hector's workers are relatively mobile, perhaps even more so than Hector's tractor. In particular, one of Hector's workers, Victor, is young, unmarried, has no family, rents a room over Hector's garage, and is independently wealthy. He could easily hop a freight train and seek employment in another state. Victor is quite mobile, geographically speaking.
Hector's other worker, Becker, is a little older, married to Hector's daughter, has three children in school, and is buying a parcel of farmland from Hector. Becker could leave for greener pastures in another state, but not nearly as easily as Victor. Becker is certainly more geographically mobile than the farmland and the big red barn, but probably less so than Hector's tractor.
As a general rule, labor that tends to be older, with more community connections and family ties, and has more job tenure, tends to be less geographically mobile.
- Entrepreneurship: Hector, as the owner/entrepreneur of the farm, is likely the least geographically mobile of the human resource factors used in this farming production. Being a fifth generation owner who is rapidly approaching sixty, Hector has deep ties to his farmland, to the community, and his established way of live. While he is physically able to relocate to another state, he is emotionally unwilling to do so.
 Recommended Citation:GEOGRAPHIC MOBILITY, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 7, 2025]. Check Out These Related Terms... | | | | | | | Or For A Little Background... | | | | | | | And For Further Study... | | | | | | | | |
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Today, you are likely to spend a great deal of time at a flea market seeking to buy either a how-to book on fixing your computer, with illustrations or several magazines on computer software. Be on the lookout for empty parking spaces that appear to be near the entrance to a store. Your Complete Scope
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Approximately three-fourths of the U.S. paper currency in circular contains traces of cocaine.
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"It is not because things are difficult that we do not dare; it is because we do not dare that they are difficult. " -- Seneca, statesman, dramatist, philosopher
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