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knowledge economy Syllabification: knowl·edge e·con·o·my
Pronunciation: /ˌnäːlijiˈkäːnəmē/

Definition of knowledge economy in English:


An economy in which growth is dependent on the quantity, quality, and accessibility of the information available, rather than on the means of production.
Example sentences
  • The early 1980s, for example, marked the decisive transition from the industrial to the knowledge economy.
  • The Cambridge study is part of a new wave of official interest in the way the government makes data available to the knowledge economy.
  • Guardian Technology's Free our Data campaign argues the two roles should be separated in the interests of nurturing a knowledge economy.
Definition of knowledge economy in:
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