KNOWLEDGE-BASED ECONOMY

The article examines the essence, theoretical foundations, development characteristics, and role of the knowledge-based economy in the modern economic system. The growing importance of knowledge and information as economic resources, the development of human capital, the expansion of scientific research, and the application of innovative technologies are considered key features of the knowledge economy. The study explains how the creation, dissemination, and productive use of knowledge influence economic growth, labor productivity, and the competitiveness of enterprises. It also evaluates the role of interaction among education, science, technology, and innovation in economic development. The article emphasizes the importance of increasing investment in human capital, improving digital infrastructure, and integrating scientific knowledge into production processes. The findings indicate that the efficient use of knowledge is one of the essential conditions for sustainable economic development and the formation of international competitive advantages