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The Transformation of the Production Factors Function in the Economic Processes


Leysan Gafarova
(about the author)

Gafarova Leysan Akhmatovna – Cand. of Econ. Sci., Senior Lecturer, the Bashkir State Pedagogical University named after M. Akmulla

Published in:
Russian Journal of Entrepreneurship
– № 21 / November, 2012



Keywords: business, capital, competitive advantage, factors of production, information, labour


Citation:
Leysan Gafarova (2012). The Transformation of the Production Factors Function in the Economic Processes. Russian Journal of Entrepreneurship, 13(21), 38-42. — url: http://bgscience.ru/com/lib/3875


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Abstract:

In the article the change of the production factors function is analysed. The key production factor in every stage of economic development is defined as something that ensures competitive advantage at the historical conjuncture. The conclusion is made that in the modern stage of economic development the key production factor is information.







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