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For example, to better research the effect of knowledge industries on the economy at large some economists have created sub-categories within knowledge industries. To study the effect of knowledge industry on the Canadian economy over time, Canadian economists split up the various knowledge industries into categories of low-, medium-, and high ...
The following outline is provided as an overview of and topical guide to industry: Industry , in economics and economic geography , refers to the production of an economic good or service within an economy .
The knowledge economy operates differently from the past as it has been identified by the upheavals (sometimes referred to as the knowledge revolution) in technological innovations and the globally competitive need for differentiation with new goods and services, and processes that develop from the research community (i.e., R&D factors ...
The quaternary sector of the economy is based upon the economic activity that is associated with either the intellectual or knowledge-based economy. [1] This consists of information technology; media; research and development; information-based services such as information-generation and information-sharing; and knowledge-based services such as consultation, entertainment, broadcasting, mass ...
It is common to distinguish between T-KIBS, (those with high use of scientific and technological knowledge - R&D services, engineering services, computer services, etc.), and P-KIBS, who are more traditional professional services - legal, accountancy, and many management consultancy and marketing services. [1]
Knowledge-intensive services could act as an external knowledge source and contribute to innovations in client companies and introduce internal innovations and contribute to the actors’ economic performance and growth. Knowledge-intensive service activities, abbreviated as KISA, play several important roles in innovation processes.
Conversely, an industry exhibits an external economy of scale when costs drop due to the introduction of more firms, thus allowing for more efficient use of specialized services and machinery. Economies of scale exist whenever the total cost of producing two quantities of a product X is lower when a single firm instead of two separate firms ...
It is an art because of the skill that the navigator must have to avoid the dangers of navigation, and it is a science because it is based on physical, mathematical, oceanographic, cartographic, astronomical, and other knowledge. Marine navigation can be surface or submarine.