Traditional retailers (bricks-and-mortar) have been continuously increasing online sales. However, not all retail companies were able to respond to the increasing sales with the same efficiency level as their competitors. This paper aims to propose a dynamic model - incorporating principles of...

This paper argues for the necessity and potential of introducing Schumpeter's understanding of economic development as structural change into Amartya Sen's people-oriented development as freedom approach. Sen and other authors on social choice, human development and inequality have effectively...