What does “knowledge economy” promote in resource allocation? 🔊
The “knowledge economy” promotes a shift in resource allocation, favoring investment in knowledge and innovation over traditional assets like physical labor. This economic model emphasizes the value of intellectual capital, prioritizing education, research, and technology. Organizations operate on the premise that leveraging knowledge enhances productivity and drives economic growth. By optimizing resources towards skilled labor and technology, the knowledge economy fosters a more creative and adaptive workforce capable of meeting the demands of a changing market.
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