From the beginning of the industrial revolution and the description of the functioning of enterprises in the conditions of market structures, in the trend of classical economics, three types of production factors dominated in the production processes defined by three slogans: land, labor, capital.
However, successively with the development of industry and technological progress in the 20th century, other categories of production factors, typical for economies largely based on information, are added to these classic factors of production.
These factors of production, whose role in many industries has been growing since the 1960s include: knowledge, information, technology and innovation.
In view of the above, the current question is: In what branches of industry such production factors as knowledge, information, technology and innovation are currently or become the most important?
Please, answer, comments. I invite you to the discussion.
I consider, that almost every industry which is in innovative stage of improvement. Nowadays almost all of the industries of the secondary economic sector in economically improved countries use such a resouces in gaining comparative advantage.
In my opinion, accompany with the subdivision of manufacturing industries, almost every industry, especially the upstream of the industry chain.
My empirical findings on Spain shows that in ICT industries ( electronics components, hardware,..) software services, telecommunication, financial services
- Badges
- Science topic
- Similar topics
- Economics