What is the Importance of Studying Macroeconomics? It’s all because of lack of knowledge in these people, they populate too much, they don’t get their kids educated. Knowledge society as a society that operates within the paradigm of the economics of information. It is also something that is good for our own self esteem. Market research is primarily a part of the industry and helps the companies to evaluate the business profitability of the venture before it is launched. 6 Tips to Transform the Process of Video Editing Using Artificial Intelligence, The Most Popular Content Categories In YouTube And Here’s Why You Should Know About It. Knowledge is the primary factor that clearly distinguishes the human race from the animals. Modern knowledge can only be acquired through education as it plays a very important role in enhancing the professional life of the individuals. Man has the power to judge situations, decide between what … People working in different spheres of the economy should have required skills sets to do justice to their job profiles. If they get the better knowledge of how world works, I’m sure they will progress as well. A nation can have true democracy only if its citizens are knowledgeable about the social and economic conditions. Understanding better the importance of education To understand the importance of education, take some time to consider few facts: It values human capital as the prime input to production and innovation. Knowledge can include skills, experience and education. Evolution of civilization over the years is due to increase in the knowledge base of the humans. Knowledge makes society possible. It’s important for anyone hoping to gracefully ride the waves of society to have in-depth knowledge of where businesses are looking to head. Few people understand how important knowledge can be. I know knowledge is power.without knowledge life cannot sucessful. Public understanding and engagement with science, and citizen participation including through the … Knowledge is really important for our society. they keep electing corrupt politicians and hence remains in the same stage. thank god. Terms of Use, Privacy Policy, Cookie Policy, and Copyrights. By realizing how much of an impact businesses can have on how society chooses to progress, you’ll quickly find yourself being amazed by how much strength it has held. Yaah! Knowledge is considered as the state of knowing facts and information acquired with the help of experience and reading books. Moreover, understanding of different facets of life can improve decision making. importance of solar energy in our daily life. In other words, science is one of the most important channels of knowledge. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. Knowledge is the key to removing the darkness of ignorance. It allows the freedom to express the thoughts and be aware of the rights and duties as a citizen. Required fields are marked *. Enhanced education and knowledge work in combination to provide better governance on a whole to the country. I totally agree with this article. We can’t live without knowledge, knowledge is power and it is important to life. It’s all because of lack of knowledge in these people, they populate too much, they don’t get their kids educated. Knowledge-based industry belonging to the service sector is a combination of the technology along with human knowledge. Due to the guiding light of knowledge, the world ushered in the industrial age resulting in series of inventions that changed the face of humanity forever. Your email address will not be published. If they get the better knowledge of how world works, I’m sure they will progress as well. It builds on the existing information base. A knowledgeable man would not bear bad behavior from any person and does whatever makes him or her happy. With the enhanced level of knowledge, people have many more option in professional and personal lives. An individual with required domain knowledge is confident as compared to the people who have none. Sometimes we have problems with knowledge because we have difficulties obtaining it. they keep electing corrupt politicians and hence remains in the same stage. Knowledge is really important for our society. Your car might break down or money could blow up due to hyperinflation but the understanding of mind remains intact and increases with enhanced social interaction. Being in school, gaining knowledge is mandatory, … We can see the difference between 1st world countries and 3rd world countries. They would elect educated representatives who are capable of understanding and resolving their issues. Knowledge provides us with the power to help others, in a variety of ways. It has increased the Gross domestic production of many countries and honed the skill of the professionals. Ironically, today’s education focuses very little (if at all) on these vital aspects. It is based on reason and logic, however, a child acquires understanding about the surroundings by hearing and listening. Discover the Importance of India. We can see the difference between 1st world countries and 3rd world countries. It has a specific role, as well as a variety of functions for the benefit of our society: creating new knowledge, improving education, and increasing the quality of our lives. It is easier for a person to initiate conversation if he or she is knowledgeable. It is only possible by the acquisition of knowledge through hands-on experience. Unlike the physical entities, the knowledge never diminishes. We need knowledge about the world we live in, our own nature, and out interdependence and interconnection with other people. What Are The Benefits Of An Accountability Partner? As Society becomes more organized and complex the knowledge demands grow ever greater placing ever more complex demands on our ability to store and use information. 9 Brings Attention to Important Issues. Progress in modern science is only possible by developing rational thinking through the use of knowledge assimilated over the centuries. Using knowledge to get success in accounting, engineering, medical and administration field transforms the lives of people as they contribute not only towards their own development but also the economy of the nation. Knowledge contributes to development of society, self empowerment, financial stability, and creating conditions for decent living. A highly sophisticated physical infrastructure underpins this economic model and … To create a proper society where all of its members are satisfied and fulfilled, we don’t just need any knowledge; we need a very specific type of knowledge. Knowledge is what allows us to drive cars instead of ride horses, it is what helps us survive far longer than we should, and knowledge is even what prevents us from making the same mistakes we made in the past. A fascinating fact about knowledge is that in spite of being shared with others, it increases. In addition, knowledge imbues us with authority and enables us to act and interact with others in a more moral way. A knowledge society is well connected via modern ICTs to the dematerialized economy, and has access to relevant and usable information. Science must respond to societal needs and global challenges. For instance, if you are well versed with the movement of the stock markets, it would be easier to make profitable investments. Save my name, email, and website in this browser for the next time I comment.

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