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Growth in knowledge-based industries requires investment in knowledge as well as in physical capital.
ECONOMIST: Economics: Knowledge gap | The
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But that could change as new networks of knowledge, innovation and capital meet the older values of work, trust and modestly priced living standards.
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As knowledge and intellectual property become more important than physical capital, businesses feel compelled to protect that intellectual capital by taking extraordinary steps.
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Mr Gove argued that it was poorer families that had the most to gain as "the accumulation of cultural capital - the acquisition of knowledge - is the key to social mobility".
BBC: Gove sets out 'core knowledge' curriculum plans
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The ultimate success of a venture capital firm rests with the talents, skills and knowledge of its partners as evidenced in their investment prowess.
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This comes in many forms, such as problem-solving creativity, special knowledge and skills, work experience, and willingness to risk investment capital for promising new enterprises.
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