Thai economic development shaped by non-farm profit rate fluctuations.
The article looks at how much money non-farm businesses in Thailand made between 1970 and 2010. They found that the profit rate changed in four different phases. The type of machines and tools used by businesses had a big impact on how much profit they made. The amount of work being done and the tools available also affected profits. The people who own businesses usually make the most money from economic growth. The profit rate decides how much money businesses can make in Thailand.