Summary:
- This article discusses the importance of process knowledge in the economy. Process knowledge refers to the understanding of how things are done, rather than just the end result.
- The article explains that process knowledge is crucial for innovation and productivity. It allows companies to improve their processes and create new products or services more efficiently.
- The article also highlights the role of process knowledge in the development of new technologies and the growth of industries. By understanding the underlying processes, companies can better adapt to changing market conditions and stay competitive.