The document discusses the knowledge economy and knowledge society. It defines the knowledge economy as one where knowledge has become the main resource and the pace of innovation is accelerating. Knowledge has different properties than traditional resources like being non-rivalrous and partially excludable. The knowledge society can be viewed through the rise of knowledge work or as a networked society where knowledge production and sharing are decentralized through digital networks. There are implications for policies, organizations, and individuals in adapting to these new knowledge-driven environments.