CCT109H5 Chapter Notes - Chapter 4: E-Book, Explicit Knowledge, Knowledge Economy

• School: UTM
• Department: Communication, Culture and Technology
• Course: CCT109H5
• Professor: Brett Caraway

Document Summary

Knowledge economy: the buying and selling of knowledge. Importantly, a knowledge economy is different from an information economy because knowledge is learned overtime and enables action. Knowledge cannot simply be purchased, so for knowledge economy to succeed, it is important to invest in research and education. Economic activity: making things, providing services, and buying and selling- occurs on a global level these days. China is particularly active in the global economy, with over 45% of our gdp accounted for by exports. An important aspect of how new media has affected business has been through economic commerce (e-commerce) Electronic commerce can take a variety of forms, depending on the degree of digitalization: the product or service sold, the transaction process, the nature of the delivery agent or intermediary. Recombinant: the technology of preparing recombinant dna in vitro by cutting up dna molecules and splicing together fragments from more than one organism.