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Muhammad Maz
Student (MBA), Pakistan
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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 network economy? (...) Read more? Sign up for free
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asif
Teacher, Pakistan
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Economics of Knowledge
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.
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Angel Arbonies
Business Consultant, Spain
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Meaning of Knowledge Based Economy
KBE refers to the idea that for the economy, knowl (...)
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grace love
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The Role of Information in the Economics of Knowlegde
In the economics of knowledge, information plays a (...)
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Kurt Ludikovsky
Consultant, Austria
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What is Economic Growth?
If I read here about 'economic growth', my questio (...)
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