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What is knowledge economy?

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To explain the growth of IT industry in India, the term ‘Knowledge Economy’ is used. But the expertise of a farmer in deciding what crops to grow based on his knowledge of the climate, soil and seeds can’t be compared to the expertise of a software professional. Both are experts in their own way. A famous sociologist Harry Braverman says that the use of machines actually destroys the expertise of workers. For example, in the past, the plans of buildings and other structures were made by expert architects and engineers. But today plans are made by computers.

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