The 21st-century economy depends mainly on information and knowledge.

Question

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With the rise of digital technologies and the internet, information and knowledge have become crucial resources for businesses and economies. Companies rely heavily on data, analytics, and intellectual property to create value and stay competitive in the global marketplace. Moreover, many traditional industries such as manufacturing and finance have been transformed by digital technologies, requiring workers to have advanced technical and digital skills to succeed in their jobs. Thus, the knowledge-based economy is a defining feature of the 21st century.

The 21st-Century Economy Depends Mainly on Information and Knowledge