Sunday, July 7, 2013

Talent – cause and outcome of the perfect economy


For introduction to topic let’s define the term of “talent” as a main concept that used here.

Talent – the utilized (or is able for utilization) portion of brain potential. We may accept this term as a synonym of “knowledge”, “ability” and “skill”.

On the economic behaviors’ platform we define the “talent” as abilities of economic subject, by using that he (she) cognizes the environment in the certain restriction and are able to change that in the interest of him (her) under the certain restriction.

But the terms of “education”, “training” is expanding of talent abilities. Not surprisingly, we note here about expanding of talent abilities. Because, “education” or “training” magnifies talent abilities and magnification does not directly mean improving and perfection.

In the microeconomic level one of the resources (that is the first phase of economic behavior) as a mean of production is talent that is next to capital, land, time and so on.

As mentioned above, if the behavior happens in the economical platform, just by the use of that the economic subject (individual or firm) cognizes the economic processes in the certain restriction and changes that in the interest of him (her) under that restriction. Thus, by using economic resources the phenomenon of new value production happens.
 

To be continued…
 
Aghanemat Aghayev

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