An economy can has a lot of sectors: agriculture, industry, services, etc. I mean, the agriculture economy, the industry economy, the services economy. If a country bases its growth in one sector for example the agriculture sector, the country has an agriculture-based economy.
The knowledge-based economy (kbe) is an economy based on the knowledge sector (design, arts, research, software, etc). A kbe is focused on the economy growth of a region. A knowledge-based development…Continue