Knowledge-based Economy versus Network Economy

			
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			              Knowledge and Intangibles Management > Forum > Knowledge-based Economy versus Network Economy
			            
			              Knowledge-based Economy versus Network Economy
Muhammad Maz, Student (MBA), Pakistan, Member
What is the knowledge-based economy (KBE)?
What type of theories are involved, and how can we narrate and interpret it?
How can we differentiate it from other type of economies like the ? (...) Read more? Sign up for free
			            
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			                  			Economics of Knowledge

															asif, Teacher, Pakistan, Member
Knowledge based economics for countries works simply the same as for a person with knowledge. The concept is widely used in economic growth. Economic growth takes place when a country is able to increase its capital stock, its Long Run Aggregate Supply (LRAS) shifts outwards.

However if a country is able to improve its technology and productivity of workforce, then the marginal efficiency of capital (MEC) increases, which results in faster rate of economic growth.
			                  		
			                  			Meaning of Knowledge Based Economy

															Angel Arbonies, Business Consultant, Spain, Member
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			                  			The Role of Information in the Economics of Knowlegde

															grace love, Student (MBA), Nigeria, Member
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			                  			What is Economic Growth?

															Kurt Ludikovsky, Consultant, Austria, Member
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