Question : What is a characteristic of knowledge-based industries?
Option 1: High dependency on natural resources
Option 2: Low investment in research and development
Option 3: Emphasis on intellectual capital and innovation
Option 4: Focus on manual labor
Correct Answer: Emphasis on intellectual capital and innovation
Solution : Knowledge-based industries are characterized by an emphasis on intellectual capital and innovation, relying on expertise in technology, research, and development to drive growth.