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Critical economic geography is an approach taken from the point of view of contemporary critical geography and its philosophy. Behavioral economic geography examines the cognitive processes underlying spatial reasoning, locational decision making, and behavior of firms [7] and individuals.
A knowledge economy emphasizes the importance of skills in a service economy, the third phase of economic development also called a post-industrial economy. It is related to an information economy , which emphasizes the importance of information as non-physical capital, and a digital economy , which emphasizes the degree to which information ...
A significant aspect of technocapitalism is the rise of the intangible economy, which is marked by the increasing importance of non-physical assets such as intellectual property, brand value, and digital services.
The Australian Accounting Standards Board included examples of intangible items in its definition of assets in Statement of Accounting Concepts number 4 (SAC 4), issued in 1995. [8] The statement did not provide a formal definition of an intangible asset, but did explain that tangibility was not an essential characteristic of an asset.
Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." [7] Capitals are the most important economic resource.
A restaurant waiter is an example of a service-related occupation. A service is an act or use for which a consumer, company, or government is willing to pay. [1] Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on.
An example of this type of cultural commodification can be described through viewing the perspective of Hawaiian cultural change since the 1950s. The Hawaiian Luau was once a traditional performance reserved for community members and local people, but through the rise of tourism, this tradition has lost part of its cultural meaning and is now ...