We have witnessed a transition from an industrial economy to a knowledge economy. This is true;

Question

Quizplus · Accepted Answer

The transition from an industrial economy to a knowledge economy is chiefly observed in advanced developed economics as they have the necessary resources and infrastructure to support the growth of knowledge-based industries. It may not be as significant in the very poorest countries due to lack of resources and infrastructure. The recent economic crisis may have slowed down the transition, but it is unlikely to cause it to go into reverse.

We Have Witnessed a Transition from an Industrial Economy to a Knowledge