Question

Write the importance of knowledge based industries in India

Answer 1

Answer:

heyaa mate ❤

Explanation:

Knowledge industries are those industries which are based on their intensive use of technology and/or human capital.[1] While most industries are dependent in some way on knowledge as inputs, knowledge industries are particularly dependent on knowledge and technology to generate revenue. Some industries that are included in this category include education, consulting, finance, insurance, health service, and communications. The term "knowledge industry" was suggested by Austrian-American economist Fritz Machlup to describe these industries in the context of his new idea of the knowledge economy..!!

I hope its help u mate ❤✌☺

Answer 2

Answer:

Increasing your industry knowledge gives you a competitive advantage and assists you in the growth of your business. In addition to learning as much as possible about the history of your line of business, ensure that you update yourself on the current trends and the latest news in your industry.

Industry. From Wikipedia, the free encyclopedia. In economics, different kinds of manufacturing and services are broken down into groups called industries. The word comes from a Latin word meaning "working diligently at a task". There are many different industries, like mining, farming and logging.