research on internal elements of human capital provides a theoretical basis for the innovation of the institution of communal property rights and the innovation of collective culture in china.
but the costs to producer(under communal property rights)of discovering consumer preferences, or those to the supervisor of monitoring performance, will be higher than under private enterprise.
but the costs to producer(under communal property rights)of discovering consumer preferences, or those to the supervisor of monitoring performance, will be higher than under private enterprise.