Question: Explain the difference between the price and the physical definitions of factor abundance. When could they give conflicting answers about which factor is the abundant

Explain the difference between the price and the physical definitions of factor abundance. When could they give conflicting answers about which factor is the abundant factor?

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The physical definition of factor abundance is based on the relative physical amounts of the factors ... View full answer

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Explain the difference between the price and the physical definitions of factor abundance. When could they give conflicting answers about which factor is the abundant factor?

1.Explain the difference between the price and the physical definitions of factor abundance. When could they give conflicting answers about which factor is the abundant factor?

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