The manufacture of material goods is no longer the basis of production in many countries today. The basis of production in many places is now largely:
A) the consumption of material goods.
B) the development and dissemination of information and knowledge.
C) agriculture to meet increased food demand.
D) warfare to sustain economies that depend on war.

Question

Quizplus · Accepted Answer

In many countries today, the production of information and knowledge has become the main basis of their economy. This is due to the rise of the information age and advancements in technology that have made it easier to create, access, and share information. Information and knowledge-based industries include technology, telecommunications, media, and education, among others. These industries contribute significantly to the economy and are often the primary source of employment and income for many people.

The Manufacture of Material Goods Is No Longer the Basis