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Knowledge Based Economy

PostDateIcon September 16th, 2010 | PostAuthorIcon Author: admin

For the last two hundred years, neo-classical economics has recognised only two factors of production: labour and capital. This is now changing. Information and knowledge are replacing capital and energy as the primary wealth-creating assets, just as the latter two replaced land and labor 200 years ago. In addition, technological developments in the 20th century [...]

PostCategoryIcon Posted in Education | PostTagIcon Tags: | PostCommentsIcon Comments Closed
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