What is another word for knowledge-based economy?
Pronunciation: [nˈɒlɪd͡ʒbˈe͡ɪst ɪkˈɒnəmi] (IPA) 
A knowledge-based economy is one that primarily relies on intellectual capabilities rather than physical labor or natural resources. Synonyms for this term include information economy, digital economy, innovation economy, intellectual economy, and learning economy. These phrases capture the concept of economies where information and knowledge are valuable commodities that drive growth and development. A knowledge-based economy is necessary for sustainable economic growth in the 21st century, where technological advancements and access to information have transformed work and industry. Therefore, understanding and the ability to build and apply knowledge are crucial factors for countries to thrive and compete globally in the modern era.
