A knowledge economy is a type of society and economic system where the production, distribution, and use of knowledge and information are the primary drivers of economic growth, wealth creation, and employment, rather than the production of material goods. In a knowledge economy, intellectual capital, innovation, and technological advancements are key resources. Industries such as information technology, biotechnology, education, research and development, and consulting play a central role. The workforce in a knowledge economy typically requires higher levels of education, skills, and adaptability to engage in knowledge-intensive activities. The transition from an industrial economy, based on manufacturing, to a knowledge economy has significant implications for education, employment, and economic policy.