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The knowledge economy, or knowledge-based economy, is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. [1]
For example, to better research the effect of knowledge industries on the economy at large some economists have created sub-categories within knowledge industries. To study the effect of knowledge industry on the Canadian economy over time, Canadian economists split up the various knowledge industries into categories of low-, medium-, and high ...
The Knowledge Index (KI) is an economic indicator prepared by the World Bank Institute to measure a country's ability to generate, adopt and diffuse knowledge. . Methodologically, the KI is the simple average of the normalized performance scores of a country or region on the key variables in three Knowledge Economy pillars - education and human resources, the innovation system and information ...
The era of the knowledge economy is giving way to a new paradigm where relationships hold the key to success, according to LinkedIn’s chief economist, Karin Kimbrough.
An architect is an example of a typical "knowledge worker" Knowledge workers spend a portion of their time searching for information. [5] They are also often displaced from their bosses, working in various departments and time zones or from remote sites such as home offices and airport lounges. [6]
The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. [1] This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, entertainment, broadcasting, mass ...
A knowledge market is a mechanism for distributing knowledge resources. [1] There are two views on knowledge and how knowledge markets can function. [2] One view uses a legal construct of intellectual property to make knowledge a typical scarce resource, so the traditional commodity market mechanism can be applied directly to distribute it. [2]
The quintuple helix views the natural environments of society and the economy as drivers for knowledge production and innovation, thus defining socio-ecological opportunities for the knowledge society and knowledge economy, such as innovation to address sustainable development, including climate change. [25]