Knowledge economy is comparatively a new economic formation on the basis of agricultural economy and industrial economy.

知识经济是扎根于农业经济、工业经济之上相对而言的新经济型态。

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Knowledge economy, which is a brand-new economic formation based on the latest technology and the quintessence of human knowledge, signals a new era.

知识经济是一种基于最新科技和人类知识精华的崭新经济形态，知识经济的出现预示着一个新的时代的到来。

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As a social economic formation, new economy is a economic transform which has profound influence. followed by agricultural economy and industrial economy.

作为人类社会继农业经济、工业经济之后的社会经济形态的新经济，是一次影响深远的经济转型。

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Since we're facing high budget deficits at the federal level and in many states, we can't afford to give out tax breaks that don't encourage the new business formation that will help build a sustainable economic recovery.

WSJ: Do Angel Investors Deserve Tax Credits to Invest in Small Businesses?

Entrepreneurial activity and new business formation in the United States dropped sharply during the economic downturn and has not fully rebounded.

FORBES: Fueling Economic Expansion through Investment in Entrepreneurs