Capital pricing is both scientific and artistic, with the characteristics of relativity, timeliness, opaque and subjective, and is influenced by feedback effect and institutional defect.

资本定价是一门科学，也是一门艺术，具有相对性、时效性、模糊性和主观性等特征，并受到反馈效应和制度性缺陷的影响。

youdao

Due to various reasons (especially the subjective reason), a full capital can choose a choice degrees extremely low administration this.

由于各种原因(特别是主观原因)，一个资本完全可以选择一个选择度极低的政本。

youdao

Because of subjective and objective factors, the enterprise, which is a special combination of human capital and non-human capital, is not usually complete.

由于主客观原因的存在，企业这种由人力资本和非人力资本组合的特别合约通常是不完备的。

youdao