Nidal Abou Zaki, managing director, Orient Planet, said: "The 2014 Arab Knowledge Economy Report has been developed with an intention to provide critical and up-to-date information about the region in order to assess its position in terms of forming knowledge economies, which is decisive in for...
Knowledge Economy DefinitionWorld Bank
Aknowledge economyis an economy where the production and use of knowledge are king. It is an economy that bases itself on creating, evaluating, and trading knowledge. Labor costs matter much less in a knowledge economy compared to industrial and agricultural economies. In fact, such concepts as ...
ECONOMY meaning: 1 : the process or system by which goods and services are produced, sold, and bought in a country or region; 2 : careful use of money, resources, etc.
(redirected fromKnowledge-Based Economy) knowledge economy n (Economics) an economy in which information services are dominant as an area of growth Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009...
Economies of scope can be defined as the ability of a company to produce a range of products or services at a lower average cost than if they were produced separately. When a company can leverage its resources and capabilities across multiple products, it can achieve cost savings and efficienci...
The application of knowledge is a primary source of growth in the knowledge economy. The World Bank Group has developed a rigorous assessment methodology for assessing a country's ability to access and use knowledge to become more competitive in the knowledge economy of the 21st century. This ass...
Another noteworthy point is the pROCesses of scientific research, management and philosophical reasoning pROCesses. Much of human’s intellectual work does not create immediate value; but the pROCesses provide general knowledge background and redistribute resources. The general knowledge background and resou...
knowledge base n. 1.A collection of data organized in a form that facilitates analysis by automated deductive processes, such as an expert system. 2.The collection of information representing the collective knowledge of an organization, arranged for easy search and retrieval. ...
This component of the economy relies heavily on intellectual capabilities rather than natural resources or physical contributions. Products and services that are based on intellectual expertise advance technical and scientific fields in the knowledge economy. This encourages innovation in the economy as a ...