Knowledge Economy

From Wikimedia

There are two important types of industries in the Knowledge Economy. First, there are those industries whose major product is knowledge itself. Second, there are industries that manage or convey information. Industries whose major product is knowledge include software, biotechnology, and information technology hardware; and occupations such as engineers, scientists, programmers, and designers whose major output is research that translates into new products and services. Information industries involve managing, processing, and distributing information. These industries include telecommunications, banking, insurance, advertising, law, medicine and much of government and education; and occupations such as managers, lawyers, bankers, sales reps, accountants, and teachers.