Knowledge Economy
📈 Investing
Quick Definition
A knowledge economy is an economic system primarily based on the production, distribution, and use of knowledge and information, rather than physical goods or manual labor.
Examples
- 1Tech companies like Google and Apple, which invest heavily in research and development to innovate and create new products.
- 2Universities and educational institutions that focus on producing highly skilled graduates who contribute to various industries.
- 3Consulting firms that provide expert advice and solutions based on research and data analysis.
- 4Governments investing in technology parks and innovation hubs to foster growth in high-tech industries.
Tags
economyknowledgetechnologyinnovationeducation
Related Terms
Other terms you might find helpful
Economic Growth
Economic growth refers to the increase in the production of economic goods and services, compared from one period of time to another.
Human Capital
Human capital refers to the economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
Quick Info
Category:Investing
Difficulty:intermediate
Last Updated:6/19/2025