The Knowledge Based Society and Economy. Literature Review

In recent decades, humanity has become extremely concerned with finding plausible explanations about the post-industrial society and its sense of evolution. The literature in the field has been enriched with several terms, such as post-industrial society, information society, knowledge society, new economy, information economy, the new way of creating wealth, etc.. Meanwhile the world economy has entered a process of irreversible changes that have foreshadowed the new type of economy – the knowledge based economy.