knowledge economy
Expertise-driven economic system
A knowledge economy is an economic system where growth depends primarily on information, expertise, and intellectual capabilities rather than physical goods or manual labor.
Industries like technology, finance, and biotechnology drive such economies, with education and innovation as key resources.
The shift to a knowledge economy has transformed workforce demands.
Workers' skills and knowledge
- post-industrialAfter manufacturing's dominance
- service sectorIndustries providing intangible goods
- intangible assetsNonmaterial items of value
- value creationMaking things more useful
competitive advantage · globalization · skilled workforce · outsourcing · productivity
Systematic innovation work
- R&DCreating new products
- patentsExclusive rights to inventions
- intellectual propertyLegal rights over inventions
- startupsNewly launched businesses
incubators · venture capital · disruption · commercialization · spin-offs · tech hubs · Silicon Valley · Shenzhen
Institutions granting advanced degrees
- higher educationPost-secondary academic training
- STEMFour-discipline academic grouping
- lifelong learningOngoing self-improvement through study
- vocational trainingJob-skill education
skill development · credentials · graduate programs · workforce training · reskilling · upskilling · professional development · technical education
human capital
Workers' skills and knowledge
- post-industrialAfter manufacturing's dominance
- service sectorIndustries providing intangible goods
- intangible assetsNonmaterial items of value
value creation · competitive advantage · globalization · skilled workforce · outsourcing · productivity
research and development
Systematic innovation work
- R&DCreating new products
- patentsExclusive rights to inventions
- intellectual propertyLegal rights over inventions
startups · incubators · venture capital · disruption · commercialization · spin-offs · tech hubs · Silicon Valley · Shenzhen · Bangalore
universities
Institutions granting advanced degrees
- higher educationPost-secondary academic training
- STEMFour-discipline academic grouping
- lifelong learningOngoing self-improvement through study
vocational training · skill development · credentials · graduate programs · workforce training · reskilling · upskilling · professional development · technical education · brain drain
- knowledgebook learning, encyclopedia, reference book, dictionary, thesaurus
- economiesprivate sector, public sector, developing nation, emerging market, pre-industrial
- post-industrialdeindustrialization, service sector, information age, manufacturing decline, deindustrialisation
- talent migrationbrain drain, brain gain, skilled workers, human capital, talent pool
- innovation ecosystemstech hubs, science parks, incubators, accelerators, innovation centers
- educationeducation, school, schools, teachers, students
knowledge economyindustrial economy
Production-centered economic system
agrarian economy · agricultural economy · industrial manufacturing · heavy industry
knowledge economyagrarian economy
Agriculture-dominated financial structure
agricultural economy · subsistence economy · feudal economy · developing economy · barter economy
know, knowledge, known, knowing, economy, economic, acknowledge, economical, economics