The knowledge - as production factor
DOI:
https://doi.org/10.29358/sceco.v0i14.40Keywords:
knowledge, residual production factor, individual production factor, economic growthAbstract
In the current economic context, knowledge becomes the new nucleus of progress. If in the traditional economy the production factors were land, labor and capital, in the new economy knowledge is the major component of the productive system. Through the present study we try to clarify the position of knowledge in the production system and its role as a production factor, by explaining how it effective acts and contributes to the increase of welfare at the organizational and national levels.Downloads
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Published
14.12.2009
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How to Cite
Enachi, M. (2009). The knowledge - as production factor. Studies and Scientific Researches. Economics Edition, 14. https://doi.org/10.29358/sceco.v0i14.40
