Knowledge or wisdom? Factors shaping competitive advantages of agricultural farms

Abstract

The article seeks to establish which of the incommensurable factors – knowledge or wisdom, has a greater influence on the economic performance of an agricultural farm. Basing on the results of empirical research the authors of the article prove that wisdom – understood as the ability to apply in practice the accumulated knowledge, is a more important factor because it exerts a stronger influence on the economic performance of a farm than the number of information sources possessed and used by it.