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Factors of production: Historical theories and new developments
Author(s) -
Xu Bin,
Chaudhry Sohail S.,
Li Yanfang
Publication year - 2009
Publication title -
systems research and behavioral science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.371
H-Index - 45
eISSN - 1099-1743
pISSN - 1092-7026
DOI - 10.1002/sres.972
Subject(s) - viewpoints , production (economics) , production theory , epistemology , computer science , economics , philosophy , microeconomics , art , visual arts
In this paper, we present the main viewpoints of some historical schools related with the theories on factors of production. Also, we analyse the problems associated with the present theories related to the factors of production and then, introduce some new developments. These new developments which are associated with the theory connected to the six forces of factor of production are described. Copyright © 2009 John Wiley & Sons, Ltd.