Investing in and measuring knowledge-based economies

Unlike the traditional perception of economy as the science of proper allocation of scarce and limited
resources, the new knowledge-based economy focuses on knowledge and abundance of information
and ideas that are jointly used and accumulated, and which require a certain initial quantum of
knowledge in order to be selectively and purposefully used. The basic engine of growth in
knowledge-based economy is knowledge, and it summarizes the overall technological and scientific
knowledge. Through the use of comparative historical analysis, inductive and deductive method, and
the model of trend analysis this paper aims: to analyze the structure and amount of basic indices for
measuring generating and using of knowledge, and investments of various economies in capital
based on knowledge; wherein it focuses on the situation in the Republic of Macedonia.
Кеy words: economy, knowledge, information, ideas, technology and scientific knowledge.