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Evaluating 'Data' as a Factor of Production
A prominent tech CEO claims that 'data is the new oil' and should be considered a new, primary factor of production alongside land, labor, and capital. Evaluate this claim. In your answer, first define the traditional factors of production, and then argue for or against the inclusion of 'data' as a distinct, fundamental category, providing justification for your position.
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Evaluating 'Data' as a Factor of Production
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