Knowledge-based economy

The term human capital refers to the economic value of a worker's experience and skills. It includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality. We will lag behind if we do not invest in the development of human brains and abilities right now. The world is gradually transitioning to a knowledge-based economy, where individuals learn new things, comprehend concepts, and put them into practice to create new things. Adopting certain efficient strategies can help us attain this goal. To educate youngsters with new abilities and concepts, the public and private sectors should develop institutions based on intellect and arts. For this reason, the government should offer financial incentives and other benefits to private firms.

Additionally, children and youth should have appropriate access to the internet so that they may explore and learn new concepts. Last but not least, there should be a robust network of academics, researchers, organisations, and private firms that can keep pace with the world, hunt for new ideas, and then implement them. If we can do that, we, as a nation, will be able to develop technologies for our and others' use.

Shahriar Bin Kabir,

Student of BBA,

Ahsanullah University of Science and Technology, Dhaka,

[email protected]