What is meant by specificity of a factor of production?

Specificity a facto of production refers to the degree to which a factor of production is specialized in performing a given function in production.

The specificity and mobility of a factor of production are inversely related, i.e. the higher the degree of specificity of a factor of production, the lower the mobility and vice versa.

• Specific factors are occupationally immobile and geographically mobile.