The weightless economy is:

One in which products have their base in information

The correct answer is Option (1) → One in which products have their base in information.

The weightless economy is one in which products have their base in information, as in the case with computer software, media and entertainment products and internetbased services. A knowledge economy is one in which much of the workforce is involved not in the physical production or distribution of material goods, but in their design, development, technology, marketing, sale and servicing. It can range from the neighbourhood catering service to large organisations involved in providing a host of services for both professional meets like conferences to family events like weddings.