= Knowledge economy
{wiki=Knowledge_economy}
A knowledge economy is an economic system in which growth is predominantly driven by the production, distribution, and use of knowledge and information rather than traditional industries like manufacturing or agriculture. In a knowledge economy, the key factors of production are intellectual capabilities rather than physical inputs or natural resources. Key characteristics of a knowledge economy include: 1. **Emphasis on Education and Skills**: A highly educated and skilled workforce is essential, as innovation and creativity are crucial for economic growth.
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