Knowledge Economy

Knowledge Economy,

What is Knowledge Economy?

Definition of Knowledge Economy: The scientific economy is a system of consumption and production based on intellectual capital. In particular, it relates to scientific knowledge as well as the potential for basic and applied research. In most industrialized countries, it is now an important part of total economic activity. In a knowledge economy, an important component of value can consist of unimaginable assets, such as the value of knowledge or the intellectual property of your employees.

  • Academic economics describes the commercialization of science and modern science.
  • In the knowledge economy, research-based innovation is commercialized through patents and other types of intellectual property.
  • In the information age, the global economy has moved closer to the knowledge economy.

Literal Meanings of Knowledge Economy

Knowledge:

Meanings of Knowledge:
  1. The theoretical or practical understanding of a subject, the facts, information and skills that a person acquires through experience or training.

  2. Awareness is gained by experiencing an event or situation.

Sentences of Knowledge
  1. Thirsty for knowledge

  2. This program was created without your knowledge.

Synonyms of Knowledge

appreciation, awareness, mastery, cognition, consciousness, command, comprehension, grasp, apprehension, understanding, realization, grip, perception, recognition

Economy:

Meanings of Economy:
  1. The wealth and resources of a country or region, especially those related to the production and consumption of goods and services.

  2. Careful management of available resources.

  3. (Of a product) that offers a good value for money.

Sentences of Economy
  1. The global economic slowdown has weakened demand for Japan's high-tech exports, forcing manufacturers to cut back on their output.

  2. Heat distribution and fuel economy

Synonyms of Economy

economizing, prudence, resources, good husbandry, frugality, saving, care, abstemiousness, thrift, carefulness, providence, scrimping, wealth, financial resources, restraint, scrimping and saving, careful budgeting, fuel-saving, canniness, good management, thriftiness

Knowledge Economy,

What is The Meaning of Knowledge Economy?

  • The intellectual economy is a system of consumption and auction based on intellectual capital. In particular, it relates to scientific knowledge as well as the ability to use basic and applied research. In most developed countries, it is now an important part of total economic activity. In a knowledge economy, therefore, an important component of value can consist of essential factors, such as the value of knowledge or the intellectual property of its workers.

    • Academic economics represents the modern commercialization of science and higher education.
    • In the knowledge economy, research-based innovation is commercialized through patents and other intellectual property.
    • In the age of information, the global economy has moved towards a knowledge economy.

Literal Meanings of Knowledge Economy

Knowledge:

Meanings of Knowledge:
  1. Facts, information and skills are acquired through experience or training, theoretical or practical understanding.

  2. Awareness comes from experiencing an event or situation.

Synonyms of Knowledge

wisdom, expertness, information, schooling, accomplishment, info, philosophy, adeptness, intimacy with, data, reports, erudition, facts, low-down, scholarship, conversance with, skill, intelligence, familiarity with, learning, enlightenment, science, news, capacity, education, savoir faire, cognizance, proficiency

Economy:

Meanings of Economy:
  1. The state of a country or region in terms of production and consumption of goods and services and supply of money.

Sentences of Economy
  1. Advocate tax cuts to stimulate the economy.

  2. Fuel consumption

Synonyms of Economy

forehandedness, stinginess, miserliness, (financial) resources, financial state, penny-pinching, parsimony, meanness, financial management, financial system, niggardliness, sparingness, frugalness