What are the characteristics of a knowledge-based economy compared to a traditional economy?

"Knowledge economy" is commonly referred to as "knowledge-based economy". The knowledge-based economy here is in contrast to the current material-based economy. The current industrial and agricultural economies, although also inseparable from knowledge, but in general, economic growth depends on energy, raw materials and labor, that is, material-based. Knowledge economy is human knowledge, especially scientific and technological knowledge, accumulated to a certain extent, as well as the role of knowledge in economic development, increased to a certain stage of the historical product.

Features:

①, knowledge has become the core element of economic activities. In the traditional economic activities, resources, capital, labor is its basic elements, but in the knowledge economy, they are not as important as knowledge. Knowledge here mainly refers to science, technology, capacity and management. With knowledge, the production capacity and speed of traditional factors of production can be greatly increased.

②, knowledge innovation has become the main engine of economic growth. In the age of knowledge economy, knowledge innovation throughout the production, exchange, consumption and other links, it is the best expression of human wisdom. New ideas, new concepts, new products, new technologies continue to launch, so that human society continues to progress, social and economic growth.

3 computers, networks, digitalization is the technical basis for its development. Because the development of these things, accelerate the dissemination and commercialization of knowledge, but also directly involved in and promote knowledge innovation.

4, education has become the center of the knowledge economy. The training of talents, knowledge innovation are inseparable from education. Modern and future international competition is the competition for comprehensive national power, the competition for talent, but also the competition for education.

⑤ High-tech industry has become a pillar industry. On the knowledge economy in the world's forefront of the United States, from Clinton to Bush, the main source of its economic growth is its more than 5,000 software companies.

6, is a prerequisite for the realization of "sustainable development strategy", participants and promoters. The knowledge economy itself is a sustainable economy, and has low unemployment, low inflation, low deficits, high growth characteristics, so the future development of the economy is the only way to realize the "sustainable development strategy".