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      "text": "Competitive advantages are shifting toward those who control agentic capital and not just traditional \"factors of production\", i.e., tangible and intangible capital (e.g., tools, machinery, know-how), natural resources or human labor¹.",
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      "text": "By enabling CAPITAL to augment or substitute LABOR like never before, AI agents are changing the rules of competition and redefining the balance of economic value creation.",
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      "text": "¹For classical economists, land (natural resources), labor (human effort), capital (tools, machinery, infrastructure), entrepreneurship (risk-taking and organization of the other factors) are the four inputs (factors of production) used to create value.\nSource: Accenture analysis",
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      "text": "Economic paradigm | Main value creation constraint | Why\nAgentic economy | Capital | AI systems, data and computing power reduce needs for human labor and introduce new products, production methods, markets and organizations\nService / Knowledge economy | Labor | Thoughtful and creative human input fuels the production engine\nIndustrial economy | Capital | Machines, tools and infrastructure unlock scale\nAgrarian economy | Labor | Productivity tied to physical effort",
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      "text": "Figure 1. The agentic economy: A new era of value creation",
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