Knowledge Economy

Definition

An economic system in which growth and value creation are driven primarily by the production, distribution, and application of knowledge and information rather than physical goods. In the knowledge economy, intangible assets — including human capital, software, data, and intellectual property — constitute the majority of enterprise and national wealth.

Related Terms

Key Performance Indicator (KPI) Key Person Risk Knowledge Capital Knowledge Spillovers Knowledge-Intensive Business Services (KIBS)

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