DIFFICULTIES IN FORMING A KNOWLEDGE-BASED ECONOMY

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In scientific literature there is no defining explanation and no relevant theoretical model of knowledge and information. Consequently, the definition of the knowledge economy is very eclectic and vague.
As a result of the research, we have presented the definition and the general schematic model of knowledge and information.

Knowledge is a product that is hard to define due to its nature, which makes it difficult to determine its value. It is natural when it is difficult to determine the value of the knowledge as a product it is actually impossible to commercialize it. There is also no adequate statistical mechanism for assessing the knowledge economy.

The  issue  has  been  insufficiently studied  scientifically both in theoretical and quantitative parameters’ point of view.

All  these  and  other  factors  complicate  the  formation of  a  knowledge-based  economy  in  developed  countries. As for developing countries, in the best case there are only discussions on these issues.