WHAT IS KNOWLEDGE ECONOMY ......BY YOGESH SIR

Описание: The knowledge economy refers to an economic system where knowledge, information, and expertise drive growth and productivity. It emphasizes intellectual capital over physical assets, focusing on industries like technology, education, and R&D. Key features include innovation, skilled labor, and information technology. Nations with strong knowledge economies invest in education, research, and innovation to remain competitive globally. This system is vital in sectors like software, biotechnology, and advanced manufacturing, where expertise and intellectual property are key assets. Examples include the IT industry in India and Germany's high-tech sector.