Capital - Intangible
Capital - Intangible
The definition of intangible capital has continued to evolve over the years. In economics, the term is used to describe the intangible assets and values that are the key drivers of economic growth and competition. The concept is closely related to the idea of a “knowledge-based economy”, as intangible assets are often referred to as intellectual capital i.e. the collective knowledge or collective intelligence held by a society.
