What does knowledge economy mean?
Definitions for knowledge economy
knowl·edge econ·o·my
This dictionary definitions page includes all the possible meanings, example usage and translations of the word knowledge economy.
Wikidata
Knowledge economy
The knowledge economy is the use of knowledge to generate tangible and intangible values. Technology and in particular knowledge technology help to transform a part of human knowledge to machines. This knowledge can be used by decision support systems in various fields and generate economic values. Knowledge economy is also possible without technology. ref Knowledge Economics - The Emerging Principles, Practices and Politics, ISBN 9949-11-067 to 69 The use of knowledge technologies to produce economic benefits as well as job creation is only one facet of Knowledge Economy. The phrase was popularized by Peter Drucker as the title of Chapter 12 in his book The Age of Discontinuity, And, with a footnote in the text, Drucker attributes the phrase to economist Fritz Machlup and its origins to the idea of "scientific management" developed by Frederick Winslow Taylor. Other than the agricultural-intensive economies and labor-intensive economies, the global economy is in transition to a "knowledge economy", as an extension of an "information society" in the Information Age led by innovation, such as providing the development platform for Engineering physics. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where knowledge resources such as know-how and expertise are as critical as other economic resources.
Numerology
Chaldean Numerology
The numerical value of knowledge economy in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of knowledge economy in Pythagorean Numerology is: 6
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"knowledge economy." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/knowledge+economy>.
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