Definition of knowledge economy in English:

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knowledge economy

Pronunciation: /ˈnɒlɪdʒɪˌkɒnəmi/

noun

An economy in which growth is dependent on the quantity, quality, and accessibility of the information available, rather than 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.
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