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Alvin Toffler (1990) [6] proposed that knowledge is a wealth and force multiplier, in that it augments what is available or reduces the amount needed to achieve a given purpose. In comparing knowledge and product value, Amidon (1997) [ 7 ] observes that knowledge about how to produce products may be more valuable than the products themselves.
Countries by median wealth per adult; source: Credit Suisse. Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word weal, which is from an Indo-European word stem. [1]
The Arthashastra then posits its own theory that there are four necessary fields of knowledge, the Vedas, the Anvikshaki (science of reasoning), [u] the science of government and the science of economics (Varta of agriculture, cattle and trade). It is from these four that all other knowledge, wealth and human prosperity is derived.
Knowledge is an awareness of facts, a familiarity with individuals and situations, or a practical skill. Knowledge of facts, also called propositional knowledge, is often characterized as true belief that is distinct from opinion or guesswork by virtue of justification. While there is wide agreement among philosophers that propositional ...
In the U.S., defining the difference between being "rich" and "really rich" (aka "wealthy") is far from straightforward. The numbers are important, but the mindset and lifestyle that come with ...
This includes clarifying the distinction between knowing something and not knowing it, for example, pointing out what is the difference between knowing that smoking causes cancer and not knowing this. [1] [2] Sometimes the expressions "conception of knowledge", "theory of knowledge", and "analysis of knowledge" are used as synonyms.
Experimental knowledge has the capacity to be universalized into a law if what is known is necessarily the case rather than contingently the case. Our Knowledge of the Sensible World. Maritain discusses the types of knowledge, and he claims that knowledge is only valid when you accept that this reality is true. Metaphysical Knowledge
Breadth refers to comprehensiveness, extension and diversity of knowledge. It is contrasted with the idea of narrowness, specialization, and the restriction of one's expertise to a limited domain. The possession of comprehensive knowledge at very disparate areas is a hallmark of the greatest polymaths. [ 32 ]