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Knowledge Economies
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== <span style="color: #FFFFFF;">Remembering</span> == * '''Knowledge Economy''' β An economy in which "Growth" is dependent on the "Quantity, Quality, and Accessibility" of the information available, rather than the "Means of Production." * '''Intellectual Property (IP)''' β Creations of the "Mind" that are "Protected" by law (e.g., 'Patents,' 'Copyrights,' 'Trademarks'). * '''Intangible Assets''' β Non-physical assets (e.g., 'Brand,' 'Data,' 'Software,' 'Research'). * '''R&D (Research and Development)''' β The "Engine" of the knowledge economy: activities that aim to "Discover new knowledge" and "Turn it into products." * '''Information Asymmetry''' β When "One side" of a trade "Knows more" than the other (e.g., 'Google' knows more about you than you know about Google). * '''Human Capital''' β The "Skills, Knowledge, and Experience" held by an individual, viewed as an "Asset" to a company or country. * '''Network Effect''' β When a "Product" becomes "More valuable" as "More people use it" (e.g., 'Facebook' or 'WhatsApp'). * '''Digital Divide''' β The "Gap" between those who have "Access to information technology" and those who do not. * '''Data Capitalism''' (Surveillance Capitalism) β An economic system centered on the "Extraction" and "Monetization" of "User Data." * '''Open Source''' β A "Alternative Model" where knowledge is "Shared for free" to "Accelerate Innovation" (e.g., 'Linux' or 'Wikipedia'). </div> <div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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