Study on the Attributes and Correlations of Production Factors
- Zuohua Yue
Abstract
With the advancement of the society and the development of the economy, human cognitions about the production factors are more and more deepened. However, as viewed from the attribute structure of production factor, the production factor only contains two attributes such as hard factor and soft factor, and the soft factor is composed by knowledge soft factor and society soft factor, which form three capital forms, i.e. material capital, human capital and social capital, and these three sorts of capital drive the increase of the economy and the development of the society. In the background of modern economy, the human capital is in the center position and its advance could enhance the energy and efficiency of other factors.
- Full Text: PDF
- DOI:10.5539/ijef.v1n1p98
This work is licensed under a Creative Commons Attribution 4.0 License.
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