Knowledge-Based Economy Development Factors

Knowledge Based Economy Development Factors

What is knowledge-driven economy? Knowledge has been named as the fifth factor of production besides land, labor, capital and enterprise. The phrase “knowledge-based economy” is often used to refer to the economies where knowledge and information have more overarching impact on countries’…

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Difference Between Traditional and Green Economics

Difference Between Traditional and Green Economics

What is the difference between traditional and green economics? Green economics is very different from traditional economics. Green economics employs smart technologies obtained through leading information technology companies (IT) for the utmost in efficiency and sustainability of our planet. The green economy…

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How Transition to Knowledge-Based Economics Works

How Transition To Knowledge Based Economics Works

Knowledge is increasingly becoming a determining factor in socioeconomic development globally. New opportunities have been created with the fast innovations made in science and countries can now harness knowledge and take part in building the global economy more than before. Developing nations…

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