Which of the following is a characteristic of knowledge?
A) Knowledge is subject to diminishing returns
B) Knowledge branches and fragments
C) It is easy to estimate the impact of investments in knowledge
D) All of the above

Question

Quizplus · Accepted Answer

Knowledge often branches and fragments as it grows, leading to the development of specialized fields and subfields. Unlike physical goods, knowledge does not typically suffer from diminishing returns; instead, it can grow exponentially as it builds upon itself. Estimating the impact of investments in knowledge is notoriously difficult, not easy, due to its intangible nature and the long-term horizon over which its benefits are realized.

Which of the Following Is a Characteristic of Knowledge