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• W2109647851 abstract "Traditional microeconomic models consider several distinct factors contributing to the production process: land, labor and capital. As technology, corporate ownership and governance, and societal models themselves evolved, however, the differences among these factors have diminished and their importance relative to each other has changed. In an agricultural society, land was the most important factor; in an industrial society, it became capital goods or machines; in a post-industrial society, it has become labor, albeit labor of a very sophisticated kind. In the advanced economies of today, it would be more accurate to simply distinguish between “natural capital”, or a country’s God-given resource endowments, and its “human capital”, or what its population by itself is able to produce through its work in the primary (agriculture, fishing, mining, etc.), secondary (industry and manufacturing) or tertiary (services) sectors." @default.
• W2109647851 created "2016-06-24" @default.
• W2109647851 creator A5077208960 @default.
• W2109647851 date "1999-01-01" @default.
• W2109647851 modified "2023-09-25" @default.
• W2109647851 title "Business and Culture in the Philippines" @default.
• W2109647851 cites W2106674790 @default.
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• W2109647851 doi "https://doi.org/10.1007/978-94-015-9287-1_12" @default.
• W2109647851 hasPublicationYear "1999" @default.
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