Which of the following are true for knowledge economy? (A) It creates…

The correct answer is Option (3) → (A), (B), (C) only

(A) It creates tertiary sector jobs Correct. In a knowledge economy much of the workforce is engaged not in the physical production of goods but in their design, development, technology, marketing, sale and servicing. These are service jobs, which belong to the tertiary sector.

(B) It produces goods that can not be touched Correct. The weightless or knowledge economy is one in which products have their base in information, such as computer software, media and entertainment products and internet-based services. Such products cannot be touched like grain or steel.

(C) It creates network society Correct. The same communication revolution that makes the knowledge economy possible is giving rise to network and media society; India’s Digital India programme, meant to make the country a knowledge economy, rests on these networks.

(D) It is dependent on agriculture Incorrect. The global economy is no longer primarily agricultural or industrial in its basis; the knowledge economy rests on information, not on farming.

(E) It is manual labour intensive Incorrect. Its workers are mostly in design, technology and services, not in physical production, so it does not rest on manual labour.

Note: The book does not call these jobs ‘tertiary’. It says knowledge-economy workers do design, development, marketing, sale and servicing, not physical production, and it places trade, transport and financial services in the tertiary sector; putting these service jobs in that sector gives statement (A).