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The concept of the knowledge economy has been gaining attention in recent years, as the idea of businesses and economies relying on knowledge and information instead of production or manufacturing continues to become more prominent. The knowledge economy is essentially an economy that seeks to create innovative competitive advantages through the application of advanced technologies, such as artificial intelligence, automation, and big data analysis. While this has led to tremendous potential for economic growth and development, it has also raised important questions about its implications for workers, businesses, and society.

In order to have a better understanding of the knowledge economy and its implications, it is necessary to look at its definition and key features. Generally speaking, the knowledge economy consists of an economy in which knowledge and information is the main driver of economic activity and competitiveness, as opposed to the production of tangible goods and services. This means that companies are able to create, gather, and manage knowledge in order to gain an edge over their competitors, while also creating new technological innovations. In this

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