WHT is the reason for the knowledge based industries have development recently?
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Knowledge based industries are regarded as the backbone of the new economy. Due its small size and nature of activities, they are giving a tough competition to the traditional firms and industries.
Under knowledge based industries fall firms involved in pharmaceuticals, health biotech, new materials, telecommunications, information technology, software, medical equipment and avionics.
Such firms or industries have long development cycle and the people working under this sector puts up innovative and unique ideas to bring about changes in the world.
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