The German economic historian and sociologist M. Weber (1864–1920) focused on the influence of three institutions—politics, ethics, and religion—on the development of the economy of capitalism. From the standpoint of the cultural approach of M. Weber, these institutions form the basis of social mechanisms that regulate the development of economic life. It is they who […]
Tag: Asset
Competition in an emerging industry
Emerging industries, i.e. those in the nascent stages, include the industry of wireless Internet access devices, the production of high-resolution televisions, distance education, and electronic banking services. Most companies in emerging industries are just getting started: they are improving technology, recruiting and training staff, acquiring or building production facilities, expanding the scope of activities, establishing […]