in economics the creation of capital is referred to as production function.
in economics the creation of capital is referred to as production function.
in​ economics the creation of capital is referred to as?
production function
Na
Na
in mainstream economics, the production of commodities employs manufactured capital (tools and implements), natural capital, human capital, and financial capital. all of these contribute to the creation of a good or service valued for its mostly observable physical properties. in contrast, relational goods are produced in sympathetic, empathetic, trusting, and high regard relationships referred to here and by others as social capital. social capital rich exchange partners exchange what robison and flora (2003) refer to as intangible socio-emotional goods (segs), which are capable of satisfying socio-emotional needs. when segs become embedded in or associated with commodities and other objects, they create an attachment value for the object in addition to its value connected to its physical properties. the result of embedding objects with segs is the creation of a relational good referred to as an attachment value good (avg) that may be tangible or intangible. though not always called by that name, avgs are abundant in social life: wedding rings, meaningful songs, family photos, hometowns, artifacts in museums, religious symbols, mementos of emotionally charged experiences, and prized family heirlooms.
relational goods