Austrian-American economist Fritz Machlup first referred to the ‘knowledge industries’ as part of his concept of the knowledge economy. Unlike industries which rely on materials to manufacture products, the knowledge industries rely on human knowledge and effort to produce outputs. The knowledge industries are also highly reliant on technology in facilitating human effort.
The Knowledge Industries
The knowledge industries rely on human knowledge and effort to produce outputs
The Quaternary Sector
Sometimes called the quaternary sector, the knowledge industries drive technological advancement and impact both short and long-term growth. The role which they play in driving progress has also accelerated since Machlup’s work particularly with the rise of networks, digital technology and AI.
The quaternary industries drive technological advancement impacting both short and long-term growth
Higher Education, Technology and Creative
The knowledge industries are frequently divided into subsections. Our work is concentrated on higher education, technology and the creative sectors.
Get in touch
Mark Thorley
info@copperforestconsulting.com
