Which one of these statements is NOT a definition of the knowledge economy ?
Correct answer: C. much of the workforce in now involved in physical production of goods
- A. this is a phase of development beyond industrialism
- B. the economy is dominated by the constant flow of information and opinions
- C. much of the workforce in now involved in physical production of goods
- D. investment in public education and software development is more significant
Explanation
A knowledge economy relies mainly on information, expertise, technology and services rather than the physical production of goods. The other statements describe its information-driven, post-industrial character and investment priorities.
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