Question

9. What is knowledge economy ?​

Answer 1

Answer:

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The knowledge economy (or the knowledge-based economy) is the use of knowledge to create goods and services. In particular, it refers to a high portion of skilled workers in the economy of a locality, country, or the world, and the idea that most jobs require specialized skills.

Answer 2

Answer:

Knowledge economy” is a term used in advanced economies to describe trends in which the creation of knowledge and its use as an input in the production process are increasingly important factors in the pursuit of prosperity and competitiveness.