According to the Specific­factor Model, Will Returns to

question 85

Essay

According to the specific­factor model, will returns to
capital and land rise, fall, or not change when a country
with a comparative advantage in agricultural output
moves from an autarkic to a free trade situation?

---

Definitions:

Organizational Behaviour

The study of how people interact within groups in a work environment to understand human aspects in workplaces.

Management

The process of effectively organizing, planning, leading, and controlling resources to achieve organizational objectives.

Bureaucracy

An organizational structure characterized by standardized procedure, hierarchical division, and detailed rules and regulations.

Max Weber

Was a German sociologist, philosopher, and political economist who is widely recognized for his significant contributions to the methodology of social science, his studies on bureaucracy, and his theories regarding the sociology of religion and capitalism.