JM YUVARAJ

The knowledge economy is strengthened by the scientific and technological fields. Those nations and organizations with cutting-edge knowledge will have a better competitive advantage than others. A look at the skills essential for those wishing to participate in the knowledge economy. Peter Drucker predicted in the 1950s that a new species of the 20th century would bring enormous social changes. The truckers' prophecy was true; a new age economy has already emerged; Knowledge society. Productivity, capital expenditure, and raw materials as key components of the economy; the knowledge economy is strengthened by knowledge-intensive activities in the scientific and technological fields. The key factor in the knowledge economy is knowledge workers and not physical goods, natural resources, or machines.