The Knowledge-Based Economy

Abstract

Modern economy stands by enormous challenges and changes and knowledge is becoming more and more the most important agent of its development. Because of this enormous challenges and changes a concept knowledgebased economy is penetrating in our lives in great extent.This paper deals with questions conected with evaluation of knowledge, following effects of knowledge, genesis of knowledge, spreading of knowledge and its influence on employment and role of government on directing society in acquiring of knowledge Key words: knowledge, economy, knowledge transfer, knowledge production, nets of knowledge, learning.