Knowledge Economy Vocabulary

1 words in this vocabulary list

noun a noun is a word that represents a person, place, thing, or idea. 'information economy' is a noun phrase that refers to an economic system based on the production, distribution, and consumption of information and knowledge.

  • The information economy refers to an economic system where information is the primary commodity.
  • In today's world, the information economy plays a crucial role in shaping industries and markets.
  • The gig economy is a prime example of how the information economy has transformed the way people work.
  • Just like a currency, information in the economy can be traded and leveraged for various purposes.